重ちょう複ふく保ほ険けん

noun

double insurance; overlapping insurance

Insurance term referring to having multiple policies covering the same risk, which may lead to over-insurance or coordination issues.

• 重ちょう複ふく保ほ険けんに加か入にゅうしていると、保ほ険けん金きんの調ちょう整せいが必ひつ要ようになることがある。

  If you have double insurance, adjustment of claims may become necessary.