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I work for a major insurer. Much of my industry is fudging the numbers in the face of the climate crisis (www.theguardian.com)
submitted 3 weeks ago by to c/climate@slrpnk.net
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[–] 3 points 3 weeks ago (1 child)

You usually can’t claim on both policies at the same time. I think for car insurance there’s nothing against having multiple policies on the same car, but if you claim on all of them for the same incident, it’s classed as fraud

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  • [–] 1 point 3 weeks ago

    I'm thinking, that if the companies are miss-evaluating the risk and underpricing, they may not be able to payout fully, or possibly at all in the event of a climate disaster. And since they're underpricing the risk already, then the cost of two policies may be more in line with the actual risk.

    Car insurance is a bit different.

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