Hi folks, long story short:
I booked a family trip to see Santa in finland in Dec 2021
I got covid 3d before and had to cancel, no refund possible
I had insured my family for the trip as it was expensive and I wanted to cover the covid risk
The insurer is now querying if there are any other policies in place that they could share the risk with, and (genuinely coincidentally) I have received a renewal notification for an annual policy that I took out precovid (jan 2020, presumably for a ski trip I went on then) that they seem to have renewed in Jan 2021. I have no recollection of even having this policy or it being renewed in 2021, but there you go.
So, I now cant deny this policy exists (but was unaware of it at the time I took out the single trip policy and subsequently claimed). Can the single trip insurer really deny half the claim as the responsibility of the annual policy? I seem to recall I cant make a profit, so dont expect to be refunded by both policies but surely if I was insured with the single trip policy they should just pay out?
I'm sure the answer is "read the contract" but just wondered if anyone had any insight into the broad brush legal postion?
Thanks.
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multiple insurance policies
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- Lemon Half
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Re: multiple insurance policies
IANAL
But when I was a trainee accountant back in the 1980s this is exactly what was ex[plained to me (cant recall what context i was told it however now).
ie 2 policies = 50% claim each
didds
But when I was a trainee accountant back in the 1980s this is exactly what was ex[plained to me (cant recall what context i was told it however now).
ie 2 policies = 50% claim each
didds
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- The full Lemon
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Re: multiple insurance policies
Indeed, assuming both policies actually cover the same risk then they pay out in proportion. It seems likely that this will be on a 50/50 basis. You have nothing to complain about as you will get100% compensation by the sound of it.
Dod
Dod
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- Lemon Quarter
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Re: multiple insurance policies
If it were me in your situation, I would inform both insurers. From what you suggest, they will probably share the cost 50:50. They will probably both be pleased that their payment is halved. Assuming you are covered by both policies you will hopefully get 100% of your claim, less any excess.
A friendly (virtually identical) email to both is probably worth sending so you have everything in writing.
But, as you say, the companies will be guided by the two contracts you have agreed to by paying the premiums.
Good luck - hope you get 100%.
regards
Howard
A friendly (virtually identical) email to both is probably worth sending so you have everything in writing.
But, as you say, the companies will be guided by the two contracts you have agreed to by paying the premiums.
Good luck - hope you get 100%.
regards
Howard
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- Lemon Quarter
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Re: multiple insurance policies
all above suggest a 50/50 split
but all are assuming that your ski trip was also a 'family' trip
your wording suggests...'a ski trip the I took' perhaps it was not family??
that would alter insurers split of payouts
but all are assuming that your ski trip was also a 'family' trip
your wording suggests...'a ski trip the I took' perhaps it was not family??
that would alter insurers split of payouts
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- 2 Lemon pips
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Re: multiple insurance policies
My understanding is that the insurer you have already raised the claim with should pay in full, but may reclaim a share from your other insurer(s).
IANAL
YMMV
DYOR
YOLO
SPQR
IANAL
YMMV
DYOR
YOLO
SPQR
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