Quote:
Originally Posted by KC911
I hadn't even thought about the "liability" aspect...I was just wondering about a "declared replacement" value. That's why I asked the "brain trust"  ....thanks! |
That was just an example. Same thing applies for the property portion. I think you will find it difficult to get companies to agree on splitting your value. say $24K declared value each picking up $12K. From a legal aspect it is to messy and therefore could prove costly to the companies. But if you did get them to agree in "general" the "law" would read that in the event of a loss each company would respond paying there respective percentage of the loss.
Why would you want to do that any way? I can see going with one carrier as they have a cheap Liability premium and another because there comp/coll is cheaper but why split the same coverage between carriers? What is the purpose?
Edit: I should also add it becomes messy for you also. If you have a loss now you have to meet two adjuster and they need to agree the damage and cost to repair is the same. One guy says we will pay to have a panel repaired the other says will replace it with a new after market panel and you say I want?????