Should you insure one car from two different companies at the same time?
Ideally, you can raise a claim and acquire compensation only from one insurer at a time. For instance, if your car gets damaged in an accident, you can’t raise claims for the same event with two insurers and receive the entire settlement amount twice. Thus, there is no point in purchasing two policies when you can claim only one at a time. Let’s talk further about the disadvantages of double insurance for one car.As mentioned above, double car insurance doesn’t add more value in terms of coverage. In fact, it makes you pay more car insurance premium, which doesn’t seem economically viableHere are the key disadvantages of buying double car insurance
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