Is it illegal to have to insurance policies on the same car?

Is it illegal to have to insurance policies on the same car?

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Mutley

3,178 posts

258 months

Thursday 20th October 2011
quotequote all
RacerMDR said:
daz3210 said:
zaphod42 said:
You can.

Insurance is a contract to manage and compensate risk. You can have 3 if you want, but can only claim on one in in incident. Companies do track and share info.
I would argue you are potentially incorrect there.

To answer an earlier post, yes you do to a degree insure a driver.

But what if there is a theft claim, or a claim for damage while the vehicle is not being driven.

In that case you potentially have more than one policy that could cover, and one set of insurers may look to have another join them in liability. (Mainly because insurance companies always look to minimise what they HAVE to pay).
surely though - if it's stolen whilst in the 'possession' of the person that has loaned it - then they will call the insurance company and activate their policy. THe other policy in my name wouldn't ever be involved?

Or is that too logical for insurance companies!
That is how it works, daz is implying that you have one policy for theft, one for accident, ignore that concept. As long as the driver at the time is covered by insurance on the vehicle, there is a valid claim, after that you're into uninsured driver territory.