Double Insurance
DOUBLE INSURANCE
Duplicate protection provided when two companies deal with the same individual and undertake to indemnify that person against the same losses.
When an individual has double insurance, he or she has coverage by two different insurance companies upon the identical interest in the identical subject matter. If a husband and wife have duplicate medical insurance coverage protecting one another, they would thereby have double insurance. An individual can rarely collect on double insurance, however, since this would ordinarily constitute a form of unjust enrichment, and a majority of insurance contracts contain provisions that prohibit this.
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Aegon N.v , Mariahoeveplein 50
2501 TV The Hague
The Netherlands
Telephone: (31) 70-344-3210
Fax: (31) 70-344-8445
Web site: http://www.aegon.com
Public Company… Disability Insurance , When a person cannot work because of an accident or illness, disability insurance (sometimes called disability income insurance) replaces a portion o… Cigna Corp , One Liberty Place
Philadelphia, Pennsylvania 19192-1550
U.S.A.
Telephone: (215) 761-1000
Fax: (215) 761-5515
Web site: http://www.cigna.com
Public Co… Cna Financial Corp , CNA Plaza
333 South Wabash Avenue
Chicago, Illinois 60685
U.S.A.
Telephone: (312) 822-5000
Fax: (312) 822-6419
Web site: http://www.cna.com
Public Co… The Chubb Corp , 15 Mountain View Road, P.O. Box 1615
Warren, New Jersey 07061
U.S.A.
Telephone: (908) 903-2000
Fax: (908) 580-3402
Web site: http://www.chubb.com
Pub… Metropolitan Life Insurance Company , Public Company
Incorporateci: 1866 as National Travelers’ Insurance
Company
Employees: 46,000
Total Assets: $256.89 billion (2001)
Stock Exchanges: N…
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Double Insurance