Two insurers at the same time and one claim.

[DaBoss]

I have two insurance policies that overlapped by about three weeks and a claim now exists for flooding of my apartment, and persian rug damage, done by the neighbor above.
How does that work now, who actually pays and covers it?
Can I just use the old insurer and not the new one?
Florida.

[adjusterjack]

Re: Two insurers at the same time and one claim.

Can I just use the old insurer and not the new one?

No. Report to both. They will co-ordinate and each will pay a pro-rated share of the loss.

The following is a standard provision of a homeowners or renters policy:

Other Insurance
If a loss covered by this policy is also covered by:
Other insurance, we will pay only the proportion of the loss that the limit of liability that applies under this policy bears to the total amount of insurance covering the loss

Never try to hide something from an insurance company.

[Disagreeable]

Re: Two insurers at the same time and one claim.

Ditto, report it to both and let them coordinate benefits.

[Lexus]

Re: Two insurers at the same time and one claim.

If you have two insurance you can apply to both if one insurance solely cover the damages, but if damages are covered by one insurance, you can use only one.

[Unregistered]

Re: Two insurers at the same time and one claim.

I think ALL polices require you to inform both insurers if you have two that possibly apply.

[Unregistered]

Re: Two insurers at the same time and one claim.

No. Report to both. They will co-ordinate and each will pay a pro-rated share of the loss.

The following is a standard provision of a homeowners or renters policy:



Never try to hide something from an insurance company.

Can I just choose which one I want to handle it?
Or is that not permitted.
I have 2 auto policies that both cover my accident last week. They were accidentally overlapping by a month.

[adjusterjack]

Re: Two insurers at the same time and one claim.

The contractual provisions of an auto policy are similar to those of a homeowners policy.

You must report the claim to both insurance companies and allow coordination between the two.

If you conceal the existence of one of the policies you could end up with no coverage and no insurance due to the fraud provision of the policy.

[Lexus]

Re: Two insurers at the same time and one claim.

The basic principal is that, if you have two insurance policies your damage will be covered by both the insurance in their proportionate share.

[adjusterjack]

Re: Two insurers at the same time and one claim.

There may be an exception to that if the old policy has an automatic termination provision.

Look for:

Automatic Termination
1. If you obtain other insurance on your covered auto, any similar insurance provided by this policy will terminate as to that auto on the effective date of the other insurance.

[Highwayman]

Re: Two insurers at the same time and one claim.

If you have two insurance you can apply to both if one insurance solely cover the damages, but if damages are covered by one insurance, you can use only one.

What a nonsensical statement.

[adjusterjack]

Re: Two insurers at the same time and one claim.

What a nonsensical statement.

Reminds me of the Abbott and Costello routine where Mr Bachagalupe explains how two bananas equal three bananas.

https://www.youtube.com/watch?v=44A6ZWEOqHA

[Highwayman]

Re: Two insurers at the same time and one claim.

Reminds me of the Abbott and Costello routine where Mr Bachagalupe explains how two bananas equal three bananas.

https://www.youtube.com/watch?v=44A6ZWEOqHA

I guess you're not Eye-talian...

That's Bacciagalupe to you!

[adjusterjack]

Re: Two insurers at the same time and one claim.

I guess you're not Eye-talian...

That's Bacciagalupe to you!

I don't think I'll every spell it the same way twice.

[Unregistered]

Re: Two insurers at the same time and one claim.

Same issue!!
I don't see any where in my Geico policy where it talks about a a second insurer.
Maybe I am missing it.
I will call them.

[adjusterjack]

Re: Two insurers at the same time and one claim.

Same issue!!
I don't see any where in my Geico policy where it talks about a a second insurer.
Maybe I am missing it.

You are. There are standard provisions in every auto policy no matter what company.

Take out the policy booklet.

At the end of the liability section it should have something like this:

OTHER INSURANCE

If there is other applicable liability insurance we will

pay only our share of the loss. Our share is the

proportion that our limit of liability bears to the total

of all applicable limits.

The same paragraph should also be at the end of the Medical Payments section.

In fact, provisions about Other Insurance appear 4 or 5 times in the policy booklet and are pretty hard to miss.