Double Insurance

Question 1

What are the requisites of double insurance?

Answer 1

By the express provision of Section 93 of the Insurance Code, double insurance exists where the same person is insured by several insurers
separately in respect to the same subject and interest. The requisites in order for double insurance to arise are as follows:

1. The person insured is the same;
2. Two or more insurers insuring separately;
3. There is identity of subject matter;
4. There is identity of interest insured; and
5. There is identity of the risk or peril insured against.