pojistitpoisti

Pojistitpoisti is a coined term used in Czech-language discussions of insurance to describe the phenomenon of having multiple insurance policies that cover the same risk, effectively creating double or stacked coverage. The word combines the Czech verb pojistit (to insure) with a form of poisti that appears in policy language, and it is typically used informally rather than as an official technical category.

Usage and scope: The concept refers to situations where an individual or organization holds more than one policy for the same risk, such as two home insurance policies, or a primary policy plus a separate rider or secondary policy. Pojistitpoisti is distinct from legitimate risk-sharing arrangements like reinsurance or co-insurance, and from underinsurance or overinsurance in a formal sense. In practice, when a claim arises, insurers generally coordinate settlements and apply pro rata liability based on policy limits, unless specific terms dictate otherwise.

Legal considerations: Double insurance is generally permissible in many jurisdictions, but it can complicate claims handling and lead to coordination challenges among insurers. To avoid disputes or repudiation, the insured is usually expected to disclose all relevant policies to each insurer and to cooperate with coordination of benefits.

Limitations: The term is not part of standard regulatory or legal terminology and is mostly found in informal discussions, blogs, or policy debates. It is not a widely recognized formal category in Czech insurance law.

Example: A homeowner holds two separate policies covering the same property, one for 3 million and another for 2 million. In a claim, the insurers would coordinate to determine total payout within applicable limits. See also double insurance, overinsurance, insurance stacking.