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Double Insurance –  1. Meaning of Double Insurance Double Insurance means a situation where the same person insures the same subject matter (like property or goods), against the same risk, for the same period, with more than one insurer. 👉 In simple words: If one property is insured by two insurance companies against fire at the same time, it is called double insurance . 2. Legal Provision Under the , Section 34 deals with double insurance. Although the Act mainly applies to marine insurance, the principle of double insurance is also applicable to other types of indemnity insurance (like fire and property insurance). 3. Essentials (Important Conditions) For double insurance to exist, the following conditions must be fulfilled: Same Subject Matter The property or interest insured must be the same. Same Insured (Same Person) The person taking insurance must be the same. Same Risk Covered Risk insured must be identical (e.g., fire, theft). Same Period The insurance ...