This is purely hypothetical and I'm not sure how it would work.
Let's say that I own a house and I insured the building and its contents. Then I contacted another insurance company and I insured the building and contents AGAIN.
I now own two policies, both of which guarantee to replace the contents and the value of property if a set of conditions are met. A common example would be an accidental fire.
Oops, the house burns down. Does this mean I could then claim on both policies and I'd end up with both the money to repair/replace property AND that amount of money again?
My 'common sense radar' tells me that this is ridiculous and clearly wouldn't work but I can't prove that logically.
So here's the question. What would happen if the conditions were met on two insurance policies on the same thing?