Please wait...
1800-212-7858 (Toll Free)
9:00am - 8:00pm IST all days


Thanks, You will receive a call shortly.
Customer Support

You are very important to us

For any content/service related issues please contact on this toll free number


Mon to Sat - 11 AM to 8 PM

Why one will take more than one insurance of the same subject matter if he knows that only contributed amount will bee available to him? What is his profit of taking insurance from more than one company? 

Asked by shiphalijain 5th October 2017, 4:36 PM
Answered by Expert
All the insurers will be liable to pay only a proportion of the loss suffered by the insured. If the house is damaged by fire then he cannot claim the amount from both the insurers more than the value of insured property or more than the loss amount. The contract of insurance is not for making profit.
Answered by Expert 6th October 2017, 9:54 AM
Rate this answer
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

You have rated this answer /10

Your answer has been posted successfully!

Free related questions

5th December 2017, 11:50 AM
5th December 2017, 12:00 PM

Latest Questions

Maharashtra IX Mathematics
Asked by Shreyasalunkhe232 16th December 2018, 11:32 AM
CBSE VII Mathematics
Asked by abhayyadav23 16th December 2018, 11:10 AM
CBSE X Hindi
Asked by sajal2402 16th December 2018, 10:49 AM

Chat with us on WhatsApp