2007-01-04 05:58:53 · 9 answers · asked by I'm 1 up on you!! 4 in Cars & Transportation ➔ Insurance & Registration
You can insure your vehicle with as many companies as you want, but in the event of a claim, you can only collect the value of the claim.
You can not "double dip", as that is considered insurance fraud.
For example, I drive a company vehicle. There is insurance on the vehicle that the company pays for. I also have a rider on my personal insurance policy that will cover me against any claims that are not covered by the company insurance. This is totally legal. My insurance would cover me over and above the coverage the company has!
2007-01-04 06:47:50 · answer #1 · answered by fire4511 7 · 1⤊ 0⤋
If you somehow got 3 or 4 companies to insure you with full coverage and then had an on fault wreck, they would be become aware of the others when you filed for a claim, and each of the companies would pay 1/3 or 1/4th of the amount. In most states there is a database that lists your insurance coverage, and when the state became aware of it they would probably have law enforcement pay you a visit, and would definitely notify all the companies of the existence of the others.
2007-01-04 15:01:10 · answer #2 · answered by oklatom 7 · 1⤊ 0⤋
While it is perfectly legal to do that, you'll get a rude surprise when you file a claim. Each company will be responsible for 1/nth of the total claim amount. If you had 3 policies, each would pay 1/3. If you had 4, each would pay 1/4.
You'd be spending a lot of extra $$$ for $0 additional coverage on the car itself, although the public liability limits would be combined so you would get some additional protection.
2007-01-04 14:59:12 · answer #3 · answered by Bostonian In MO 7 · 2⤊ 0⤋
Even if it wasn't illegal...you wouldn't want to have to pay the insurance premiums on 3 or 4 policies... :) :)
2007-01-04 14:06:54 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Its not legal, and insurance companies always check your VIN to see if it is insured by someone else. What you are suggesting is a type of insurance fraud.
2007-01-04 14:00:32 · answer #5 · answered by Mr. Goodkat 7 · 3⤊ 1⤋
I think that would be fraud for monetary gain. besides insurance companies always check if u are not registered with another one.
2007-01-04 14:01:37 · answer #6 · answered by AvO21 3 · 2⤊ 1⤋
No it is not legal and that is fraud to collect off more than one policy.
2007-01-04 14:01:18 · answer #7 · answered by Melanie K 3 · 2⤊ 1⤋
No, it's not legal and it's insurance fraud if you do it. Prison time baby...
2007-01-04 14:00:39 · answer #8 · answered by capnemo 5 · 2⤊ 1⤋
dumbass
2007-01-04 14:09:15 · answer #9 · answered by Anonymous · 2⤊ 2⤋