diff --git a/contracts/currency/currency.cpp b/contracts/currency/currency.cpp
index 959cce83075c11ee9bf5828b0d380f98e1bbac19..699db572bff8a0ed4e1ace8593a3647fbfc37f2f 100644
--- a/contracts/currency/currency.cpp
+++ b/contracts/currency/currency.cpp
@@ -39,7 +39,11 @@ using namespace TOKEN_NAME;
 
 extern "C" {
     void init()  {
-       store_account( N(currency), account( currency_tokens(1000ll*1000ll*1000ll) ) );
+       account owned_account;
+       //Initialize currency account only if it does not exist
+       if ( !accounts::get( owned_account, N(currency) )) {
+          store_account( N(currency), account( currency_tokens(1000ll*1000ll*1000ll) ) );
+       }
     }
 
     /// The apply method implements the dispatch of events to this contract
diff --git a/contracts/infinite/infinite.cpp b/contracts/infinite/infinite.cpp
index 02176133f5891f89a7644cbd166f9634ebf46530..47ff1f8e156436cbc7bb197a116ab54a4e892203 100644
--- a/contracts/infinite/infinite.cpp
+++ b/contracts/infinite/infinite.cpp
@@ -41,7 +41,11 @@ using namespace infinite;
 
 extern "C" {
     void init()  {
-       store_account( N(currency), account( currency_tokens(1000ll*1000ll*1000ll) ) );
+       account owned_account;
+       //Initialize currency account only if it does not exist
+       if ( !accounts::get( owned_account, N(currency) )) {
+          store_account( N(currency), account( currency_tokens(1000ll*1000ll*1000ll) ) );
+       }
     }
 
     /// The apply method implements the dispatch of events to this contract
diff --git a/contracts/storage/storage.cpp b/contracts/storage/storage.cpp
index 4bffa7a3d4fe1255a172a98ec816b3d87d83a1a6..b31ebd58678913341b34ed7087a009b2521138c0 100644
--- a/contracts/storage/storage.cpp
+++ b/contracts/storage/storage.cpp
@@ -101,8 +101,12 @@ using namespace TOKEN_NAME;
 
 extern "C" {
     void init()  {
-       // How do we initialize the storage capacity? By how much here?
-       accounts::store( account( storage_tokens(1000ll*1000ll*1000ll) ), N(storage) );
+       account owned_account;
+       //Initialize storage account only if it does not exist
+       if ( !accounts::get( owned_account, N(storage) )) {
+          // How do we initialize the storage capacity? By how much here?
+          accounts::store( account( storage_tokens(1000ll*1000ll*1000ll) ), N(storage) );
+       }
     }
 
     /// The apply method implements the dispatch of events to this contract