Can I own more than one home insurance? If yes, what is the procedure?
Answers: There is really no point in have more than one homeowner's policy on your house. In the event of a claim both policies would share payment of the claim surrounded by proportion to the amount of insurance on the policy. For instance, if you had one policy for $100,000 and another for $50,000, the first policy would cover 2/3 of the claim and second policy would cover 1/3 of the claim. Plus, respectively policy would be subject to co-insurance, a penalty explicitly levied againt your claim payout for not carrying full replacement cost coverage on the policies. It's also most plausible more expensive to have 2 policies instead of one. Just bring back one policy to cover everything.
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