double insurance
Where one person has the benefit of multiple insurance policies (insurance policy) on the same property against identical risks. In the event of insured loss arising, the insured is free to claim payment from whichever insurer it chooses but will not be able to recover more than the amount necessary to indemnify it against the loss.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


double insurance
Duplicate protection provided when two companies deal with the same individual and undertake to indemnify that person against the same losses.

Dictionary from West's Encyclopedia of American Law. 2005.


double insurance
Duplicate protection provided when two companies deal with the same individual and undertake to indemnify that person against the same losses.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • double insurance — ➔ insurance * * * double insurance UK US noun [U] (also dual insurance) INSURANCE ► an arrangement in which someone has two different insurance agreements for the same risk: »A secondary insurer in not required to pay the full policy amount to an …   Financial and business terms

  • double insurance — Coverage of the same risk and same interest by different insurers. Western Union Tel. Co. v Houghton, 146 Pa 561, 23 A 248. See contribution between insurers; excess insurance; other insurance clause …   Ballentine's law dictionary

  • double insurance — noun : several policies of insurance covering at least part of the same subject, having the same insurable interest, and subject to the same hazards …   Useful english dictionary

  • double insurance — Exists where the same person is insured by several insurers separately in respect to the same subject and interest …   Black's law dictionary

  • double insurance — Exists where the same person is insured by several insurers separately in respect to the same subject and interest …   Black's law dictionary

  • insurance — Guarding against property loss or damage making payments in the form of premiums to an insurance company, which pays an agreed upon sum to the insured in the event of loss. Bloomberg Financial Dictionary * * * insurance in‧sur‧ance [ɪnˈʆʊərəns ǁ… …   Financial and business terms

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • Double Indemnity (film) — Double Indemnity Theatrical release poster Directed by Billy Wilder Produced by …   Wikipedia

  • double indemnity — n: a provision in a life insurance or accident policy whereby the company agrees to pay twice the face of the contract in case of accidental death Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. double indemnity …   Law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”