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Double Insurance-Situation in which the same risk is insured by two overlapping but independent insurance policies. It is lawful to obtain double insurance, and the insured can make claim to both insurers in the event of a loss because both are liable under their respective polices. The insured, however, cannot profit (recover more than the loss suffered) from this arrangement because the insurers are law bound only to share the actual loss in the same proportion they share the total premium. Also called dual insurance.
What else can I help you with?
Can you stack health insurance plans?
Yes, it is possible to have multiple health insurance plans, but the coverage may overlap and coordination of benefits is necessary to avoid double payment.
What are the benefits of having insurance bonds?
There are a few potential benefits of having insurance bonds. Some of the main benefits include them not being a drain on cash resources, allowing for rate adjustment and they avoid double funding.
When does a life insurance policy pay double?
When the death is accidental. Meaning not a murder, suicide, etc. More like a car crash where they were not at-fault, a medior falling from the sky... those kinda things. But it could vary for different insurance companies.
What is a PF double bottom breakout?
The double bottom is a major reversal pattern that forms after an extended downtrend. It is made up of two consecutive troughs that are roughly equal, with a moderate peak in between. The double bottom is a major reversal pattern that forms after an extended downtrend. It is made up of two consecutive troughs that are roughly equal, with a moderate peak in between.
What are the differences between straight line depreciation and double declining depreciation methods?
The main difference between straight line depreciation and double declining depreciation methods is the way they allocate the cost of an asset over its useful life. Straight line depreciation spreads the cost evenly over the asset's life, while double declining depreciation front-loads the depreciation expense, resulting in higher depreciation in the early years and lower depreciation in later years.
What do you understand by double insurance?
Double insurance is when you have something insured by two companies like when a husband and wife both have medical insurance on each other.
Can you have double car insurance coverage for the same vehicle?
No, you cannot have double car insurance coverage for the same vehicle. Having multiple insurance policies for the same vehicle is considered insurance fraud.
What characteristics distinguish protists from bacteria?
Protists have nucleus and double membranous organells.Bacteria do not have them.
Which of these terms refers to an insurance policy that pays out double?
Double indemnity
Can you have a car in double insurance coverage?
If you are covered by two different insurance companies at the same time.
What can be added to an insurance policy to allow the insurance to receive a higher benefit?
double indemnity. -Chrly
How will 3 points affect your insurance rates?
Depending on wich states and your insurance company, it may double.. mine did
How would you distinguish between pent-1-ene and pent-2-yne?
1-pentene is an alkene with a carbon chain of length five. It has a double bond between carbons 1 and 2. 2-pentyne is an alkyne with a carbon chain of length five. It has a triple bond between carbons 2 and 3.
Where can one find a diamond insurance agency?
One can find many diamond insurance agencies online. 'Mercury Insurance' offer diamond insurance and are based in Texas. One can also get diamond insurance from 'Double Diamond Financial & Insurance'.
Does travis barker use a double bass pedal?
No, He actually does not like double pedals. He uses a DW 9000 single pedal.
Distinguish between saturated fatty acids and saturated fatty acids?
There is no difference between saturated fatty acids and saturated fatty acids. If you meant saturated fatty acids and UNsaturated fatty acids, then the unsaturated ones are the ones with double (or, theoretically, triple) bonds in the carbon chain.
How do you distinguish 1 octanol from 1 octene?
1-octanol is an alcohol, so it has an OH group attached to the first C atom. (C8H17OH) 1-octene is an alkene, which has a double bond between the first and second C atoms. (C8H16)
