Can I have two home insurance policies?

If I get two separate home insurance policies, would I be able to file two separate claims for damage?

Answer
“While it’s possible to have two insurance policies, you wouldn’t get twice the amount of coverage.
When you have two insurance policies covering the same thing, most policies have an other insurance clause. With this clause, each policy will pay no more than its share of the loss. The same goes for car insurance policies.
When a policy is primary, it pays out up to its policy limit before any other policy will payout. A secondary policy would payout after your primary policy has exhausted its coverage or denies a claim.
Additionally, the purpose of insurance is to return you to your financial state before a loss. You shouldn’t benefit from an insurance transaction, which is why other insurance clauses exist. When you have two separate home policies, each won’t pay out the full claim amount. More likely than not, one would cover the entire claim or split coverage to both pay out the claim amount.
However, you can save money in other ways. With the Jerry app, you can compare quotes from top car insurers and even take advantage of their home and auto insurance bundling. It’s a great way to save money without spending excess on several insurance policies that may cancel each other out.”
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Emily Maracle
Answered on Sep 09, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.
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