Double Insurance vs. Over Insurance

Double insurance exists when the same person is insured by several insurers separately in respect to the same subject and interest. (Sec. 95, Amended Insurance Code of the Philippines)There is over insurance if the insured takes out an insurance over the property insured in an amount which is in excess of the value of his insurable interest. (Aquino, Essentials of Insurance, 2018, p. 283)

Alburo Law
August 20, 2025

Double Insurance vs. Over Insurance

Double insurance exists when the same person is insured by several insurers separately in respect to the same subject and interest. (Sec. 95, Amended Insurance Code of the Philippines)

There is over insurance if the insured takes out an insurance over the property insured in an amount which is in excess of the value of his insurable interest. (Aquino, Essentials of Insurance, 2018, p. 283)

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Alburo Alburo & Associates Law Offices:

• Have labor law and business law as our main fields of practice. For almost a decade now, we have been helping businesses improve their productivity and profitability by helping them comply with relevant laws, rules, and regulations.

• Observe high standards of excellence.

• Always consider innovative approaches to effectively address the legal concerns of our clients, covering a wide range of industries such as food, manufacturing, chemicals, real estate, retail and wholesale trade, and services in fields such as information technology, human resources, security, training, process outsourcing and other manpower services, among many others.

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