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Insuring someone Basically you can insure anyone with whom you have an insurable interest. meaning those on whom you have a financial or physical dependency a legal symbioses or interest in and with their permission and knowledge. If the loss of the individual would cause financial or certain other forms of physical or emotional distress then then you could probably inure them
One can insure a key employee, a provider, a Spouse, child, parent or whole family.
The future financial impact resulting from the loss of a family member will differ with surviving children from those of a surviving parent. So one should shop for insurance accordingly.
Ageing parents may need to have monthly income to bear day to day expenses and a child's needs may span the cost of child care or rearing and future education.
There are two ways you can get insured
Either you have to be a driver or that insurance plan should include passenger cover. car owner can insure passenger with maximum of 2,00,000 INR.
Compare and Buying Travel Insurance online can make your trips more memorable and secure, now you can enjoy your trip with the great peace of mind.So just do it by doing travel insurance comparison online.Compare and select the best travel policy for you and your family at a cheapest price in your Language. For Quotes:
Wiki User
∙ 8y ago
Wiki User
∙ 16y agoWho can you insure for life insurance? can you obtain a life insurance policy on some one other than your spouse or child? Yes.
You can obtain life insurance on anyone with whom you have an insurable interest.
Each person has an insurable interest in his or her own life, and therefore can select anyone as a beneficiary.
1. Parent and child, husband and wife, brother and sister have an insurable interest in each other because of blood or marriage.
2. Creditor - debtor relationships give rise to an insurable interest. The creditor can be the beneficiary for the amount of an outstanding loan.
3. Business relationships give rise to an insurable interest. An employee may insure the life of an employer, and an employer may insure the life of an employee.
Wiki User
∙ 8y agoCover Your Family All Hospital Expenses in One Health Policy
Health insurance covers you and your family against expenses that you may incur on hospitalization as an in-patient in a hospital or nursing home in India for treatment. With the rising incidence of diseases including lifestyle related ailments and cost of treatment, any incident of hospitalization can mean substantial financial outgo for you and your family. for more
Wiki User
∙ 8y agoBecause the preceding answer is not intelligible, I'd like to clarify it.An "insurable interest" is at the root of any insurance transaction and is what differentiates insurance from wagering. An insurable interest means that an individual has a stake in the continuing life, health, or existence of the person or thing insured. The nature of the insurable interest depends upon the kind of insurance involved. For example, we all have a stake in our own lives so that we can insure our lives. We all have an interest in the existence (and good condition) of our property so we can insure it.
An insurable interest can be either monetary such that we would sustain a financial loss if the property disappeared or was damaged, or intangible. For example, "love and affection" can be a sufficient basis to find an insurable interest to support life insurance on a spouse, a child, a parent and perhaps a grandparent. An insurable interest may also exist on someone who provides care and support.
Complications in the analysis of insurable interest begin to arise the further we move away from a direct connection between the person or object insured and the person or entity that procures the insurance. The decisional (case) law of each state is significant in determining these issues, so only a very broad answer can be given
This is not intended as nor may it be construed as legal advice.
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Insured vs Insured Professional Liability?
The insured and the insured professional are one and the same.
Are teens automatically insured to parents car?
They are insured as passengers they are not insured to drive it
Is the car insured if you just bought it?
A new car is not insured unless you insured it. You can insure a car before you pick it up, but if you don't it isn't insured.
Life insurance insurability?
The beneficiary has to have an insurable interest in the insured. The insured has to pass certain qualifications in order to be insured.
Are you licensed, bonded, and insured?
Yes. We are licensed, bonded, and insured.
What is meant by other insured on the claim form?
The term "other insured" is another insured person exists who may cover the patient, the insured person who covers the patient on his or her insurance plan.
If you keep your money in an FDIC-insured bank how much of your money is insured?
up to 250 thousand dollars is insured in all banks
Are plumbing companies legally insured?
Not all are insured, but the good ones tend to be. If you need a plumber I would do my research and ask if they are insured.
Can you be insured on 2 motability cars?
Yes you can be insured on 2 cars.
How can you find out if your car is insured?
Your car is not insured unless you purchase insurance for it.
Can insured person drive an uninsured car?
We need to know what he's insured for. If he's insured to drive the car, then yes. If he's insured with life insurance, then no. But normally it's the car that carries the insurance.
The Federal Deposit Insurance Corporation insures bank deposits up to per deposit?
$100,000This is sort of complicated. Per www.fdic.gov:"The basic insurance amount is $250,000 per depositor, per insured bank."The $250,000 amount applies to all depositors of an insured bank."Deposits in separate branches of an insured bank are not separately insured. Deposits in one insured bank are insured separately from deposits in another insured bank."Deposits maintained in different categories of legal ownership at the same bank can be separately insured. Therefore, it is possible to have deposits of more than $250,000 at one insured bank and still be fully insured."
