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 How much to settle with insurance company for severed right index finger?
I lost the use of my fight index finder in an accident. I am a preschool teacher. 3 surgeries and 9 month of therapy. I can not type with it nor can i lift more than 3 ounces....


 Where Can You Buy E&O Insurance?
We are starting a new insurance agency and need some Errors and Omissions coverage please help/...


 Who's liable in this wreck?
My dad works for a nationwide corporation. He has a company truck and my sister was driving it. She was hit by someone pulling out into the road. It was her fault.

My sister is not ...


 Health Insurance Coverage for our new born?
We have a one week old baby and I was told repeatedly by doctors/insruance agencies that our new baby is covered under our family insurance for 1st month (for first 30 days) for FREE. My employer ...


 How are we homeowners supposed to be able to afford insurance?
my homeowner premiums go up 200.00 a year. i know i'm not the only one with this grip. i'm gonna have to drop my ins. it doesn't cover that much anyway. i don't make a bunch of ...


 What do i do with no insurance? when i go to the doctor and no insurance?
i work at mcdonalds part time, and have no insurance or health benefits, how do i get insurance to pay for doctors visits? How can i afford health insurance or where do i apply 4 health insurance?...


 What kind of settlement should we expect from an auto accident?
Me and my fiance were involved in an auto accident where the other driver was completely at fault. This accident happened over 2 1/2 years ago. I was pregnant at the time and my fiance had to have ...


 Is life isurance important?
life insurance costs less than most car insurance yet people think of it almost like a luxury as opposed to a necessity. as soon as i found out i was pregnant i inquired about life insurance and now ...


 What steps does a person need to take to take a auto insurance company to court?
What court should I send the Motion to?

I have some parrelegal experince but no with auto accidents anyone have any tips they can share.
Additional Details
The idea is not to ...


 My landlord asks me for liability insurance, Which company can sell me one?
The liability insurance is for the USA, and I am not a US Citizen, nor have any assets I could be sued for, so I want the most simple insurance plan that will cover 300K USD, it must be my primary ...


 Limited liability?
Could you please tell me what Limited Liability means?...


 Won thailand lottary when i hve claimd bank told me 2 pay 550$ as insurance cover for sending chqu.pls sugg?
even the lottary coordinator send my name winning certificate
Pls suggest me should i go or ...


 Insurance help. If you are hit by someone, they are wrong would there Insurance pay for everything...?
New at having insurance. If I get in an accident and the person is at fault, would there Insurance cover my damage? and would I still have to pay my own deductible to do my repairs. Would I get a ...


 Will Insurance Pay?
This morning my car was hit in a hit and run. There are no witnesses and the police said there is not much they can do at the moment. Will insurance still pay, or am i screwed?
Additional D...


 After retirement, how old does a person have to be to get MediCare coverage?
...


 Does anyone know of a good life insurance?
...


 Health Insurance for a family of 4?? Help?
Help........I need health Insurance for a family of 4...
I dont work and my husband's Company doesnt Offer Health insurance...We have 2 little Kids ages 4 and 3..we need health insurance ...


 How do I make money? I want to get a peekapoo. My parents said that I need to prove responsible and have $$?
...


 Damage to cars from falling roof tiles?
I have home insurance and during the high winds some tiles blew off my roof. Thing is they fell on two cars parked in my drive, neither of them mine. The insurance company say they will pay for the ...


 What is life insurance for?
...



David M
HEY!! is it illegal to get ur car or whatever covered by more than one insurance co.?
like if i totaled my car and I got full coverage from three different co.,would it be fraud to end up collecting my cars worth x3?
                     
 




mbrcatz
Rating
Well, it's not illegal to have multiple policies on your one car. That's because you can't collect three times - each policy will share in the loss. Each policy says HOW they share, but usually it's each company would pay 1/3 of the loss.

So you would pay three times the premium, and not get any more money than if you have one policy. Your call.


Eccentric Me
Rating
It's not illegal to be covered by more than one insurance policy, but you're not allowed to collect more than the total value of what you have insured. The three different companies in your example would each pay a portion of your car's worth; the total amount you received would be the amount the car was worth. The only added value to you would be that you would not have to pay a deductible, as each company's deductible would be effectively covered by the other companies' payments.


Lee N
Rating
It is not illegal unless you misrepresent the facts. However, you need to disclose the existence of the other policies to each carrier so that they can coordinate coverage. The other insurance clauses of each policy typically spell out "primacy". In such a case I would anticipate that each carrier would usually owe 1/3rd of the loss. I'm not sure why you purchased physical damage from 3 carriers on the same auto, but you clearly didn't understand the nature of insurance (indemnification vs. speculation).


montypytho17
Rating
yes


seaportma
Rating
yes


Randy V
Rating
I believe it depends on the state in which you live. Check with your local insurance commissioner or any agent in your area.


tiered
Rating
Yes, it would be. You would have NICB (The National Insurance Crime Bureau) all involved,There are many other charges beside Insurance Fraud that you may face too. While it isn't illegal to carry insurance with more than one company each would only pay their share based on your deductible for collision and or comprehensive coverage. Really unless you are attempting commit insurance fraud or another illegal act there is no real reason to have more than one carrier for your car.


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