Can You Have Two Homeowners Insurance Policies? 
You can buy two home owner 's policies , but in the event of a claim they will split the claim payment - since you can only collect once for any claim . So if you have two policies and you have a $ 10,000 claim , you would get about 1/2 from each -LRB- depending on the level of coverage -RRB- . So it does n't make sense to have two when one will do . Also , not disclosing a second insurance policy would be insurance fraud . 