Auto insurance is crucial for your peace of mind while on the roads, as accidents and collisions can happen anytime, resulting in financial and legal disputes. This policy not just protects you during accidents and collisions but also covers you when your vehicle is vandalized, stolen, or damaged by natural disasters. Besides, most states mandate auto insurance to drive legally. However, can you have two car insurance policies for one vehicle? Let us discuss this.
Yes, having two auto insurance policies for one vehicle is legal. Nonetheless, you may not be able to get two policies from the same provider, so you can buy a second policy from another insurer. Some car owners buy another insurance policy for their car by mistaking that their existing policy has expired. Some other people may buy a second auto insurance policy for their exotic or classic car. While having two auto insurance policies is legal, filing claims for the same incident with two different insurers is not legal and is considered insurance fraud.
Having two policies is legal, but it is mostly not recommended. This is because insuring your car with two policies may violate the rules of one or both of your providers. Also, if one of your providers knows that you have another policy on the same car, they may wait for the other to pay your claims, resulting in unpaid or delayed claims.
It is better to have two policies when you want to protect your partner from unfortunate road incidents. You might have thought to add them to your policy, but it will increase your premium. So, rather than naming your partner as another covered driver, you can buy a separate policy for them, making you qualify for a multi-vehicle discount.
The disadvantage of having two policies is that it can take time to determine which procedure should kick in to cover the loss or damage. For example, if you are involved in an accident, causing property damage or bodily injury to someone, you will file the claim with your insurance provider. However, if your friend uses your vehicle and gets into an accident, you may not know whose insurer to contact, whether yours or your friend’s. So, to prevent this confusion and delays or unwillingness in claims processing, it is better to have one insurance policy for your car.
An insurance provider should prove the following to get recovery for wrongful enrichment:
A comprehensive car insurance policy is enough to protect your car at every turn. So, unless necessary, don’t opt for two auto insurance policies.
At Little & Sons Insurance Services, we offer best-in-class auto insurance to car owners across California and the surrounding areas. Contact us today to protect your vehicle with extensive coverage at all times.
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