2.1 The history of double insurance

2.1.1 The Chamber of Assurance

Double insurance arises where an assured takes out numerous insurance policies with different insurers to cover the same loss to ensure recovery for the loss which may arise in future. Therefore, where an assured has an interest in a subject matter for which he has an insurable interest, under common law,1 he can approach any insurer who has provided cover. The insurer must however insure the same assured, insure the same subject matter already assured and the risk assured must cover the same interest.2