Can you collect from two different insurance companies?

Question

I had some expensive equipment stolen from my office. I claimed the loss on my homeowners insurance and collected from that. My office also has insurance that covers this type of loss and I was wondering if I could also collect from that without committing any type of insurance fraud for collecting twice on the same loss. Thanks!

Answer 1

No, that's double dipping, and is illegal.

Answer 2

nope, sorry.

Answer 3

I wish my advice could be helpful.And here is a good resource.Check it up.

http://insurance.online-assistant.info/i...

Answer 4

You cannot claim both unless either of the policies states that they pay "in addition to" other insurance.  This is not common.

However, if your insurance company did not pay you the full amount for any reason, or if you had to pay a deductible you may be able to collect the remainder and/or deductible from the other insurance company.

Hope that helps!

Answer 5

I don't think you can collect from both.  It sounds like insurance fraud to me if you do.

Answer 6

that is called insurance fraud and you will end up in jailnext to Bubba being his close buddy.