At first this might seem like a way to make sure that you are really protected and to double your recovery of damages in the event of a property damage loss.
 It won't work.
In your home owner insurance policy is a provision to prevent this double recovery and up hold the principle of indemnity.
Indemnity is the principle that underlies all insurance policies; it is the basis for all aspects of the insurance industry, and especially the way claims are settled.
 One of the main ideas of indemnity is that the party being indemnified should not profit from a loss.
In other words, the financial situation after the loss should be exactly what it was before the loss.
 Source; The Basis for Insurance Claim Practices - Andrew Glover To apply this principle to your Homeowner contract Section I - Conditions F.
Other Insurance And Service Agreement - states; If a loss covered by this policy is also covered by: 1.
Other insurance, we will pay only the proportion of the loss that the limit of liability that applies under this policy bears to the total amount of the insurance covering the loss.
What does this language mean? If you have two homeowner policies covering the property damage then payment for the damage would be allocated as a percentage between the two policies.
As is illustrated by this example: Property Loss is $100,000.
00 Policy 1 limit is: $100,000.
00 Policy 2 limit is: $150,000.
00 Total coverage: $250,000.
00 Policy 1 represents 40 percent of the total coverage and pays $ 40,000 of the property loss.
Policy 2 represents 60 percent of the total coverage and pays $60,000 of the property loss.
 You the insured recover your loss of $100,000.
00.
Thus the policy works to apply the principle of indemnity to your property loss.
Please visithttp://reclaimsinc.
com for additional information.