This would be very tricky and probably involve legal issues. A "new form" found after death changing beneficiary would always bring about suspicions. Did the owner intend to change the policy or not? They did not complete the transaction by filing the change with the insurance carrier. It is my opinion that the court would rule in favor of the beneficiary currently listed on the policy at the time of death. You could never prove the intent of the policy owner to change the beneficiary if they did not file the change of beneficiary form which is a very easy process to do.
Not if they found out.
You should contact the legal department of the insurance company and ask for its advice. The company may initiate a search for the beneficiary with the resources at its disposal.
A beneficiary is a third party to a contract between and insurance company (insurer) and an insured (customer). Since the contract allows the beneficiary to be changed at any time (revocable beneficiary), there is no way for any attorney to know in advance whether any one person is named as a beneficiary on a contract of life insurance. If someone you know has died, your first step is to determine if any life insurance exists. This can be accomplished by going through important papers, contacting employers, looking through bank statements for payments to insurers, etc. Once located, contact the insurer to file a claim. The insurer is required in most states to provide claim forms within 30 days. Once a proof of loss (claim form) is received, the insurer will begin the process of locating and paying beneficiaries. If no beneficiary can be found (alive or otherwise), the insurer will pay the estate of the decedent. Unfortunately, paying the estate can open the claim to creditors of the decedent and probate, depending on the rules of your specific state.
Normally, when one buys an insurance policy a primary beneficiary is designated, as is a "contingent" beneficiary. The latter is second in line to get the proceeds if the primary beneficiary predeceases the insured and the insured does not name a new primary beneficiary. Another circumstance for the contingent beneficiary to get the proceeds is when the primary beneficiary cannot be found. The beneficiary designation(s) on the policy may also provide in addition to, or instead of, a contingent beneficiary that the proceeds get paid to the estate of the deceased insured. If that is the case, the proceeds become a part of the cash assets of the estate and are distributed to heirs in accordance with the Will. If there is no Will, the estate is distributed according to the laws of descent and distribution of the state in which the insured died. If none of the foregoing applies, and after having made a diligent search for the beneficiary(ies), the insurer pays the proceeds to the unclaimed property authorities of the state in which the insured last lived. This is a government agency, or bureau within an agency, and is often annexed to a department of insurance or the chief financial officer of the state. There exists a national organization of unclaimed property offices.
If the primary or secondary beneficiaries cannot be located, and there is no residuary clause (the safety net), then it is as if there were no will at all, and the local laws of intestacy would apply. If none of the relatives listed (spouse, children, parents, grandparents, cousins, etc) can be found, or if they have pre-deceased the testator, then the estate escheats to the state treasury. This could take years; making certain nobody else can be found.
Renters insurance can be found online for a good price and there are many places with great information for the person that is looking to buy the insurance.
because it cant be found. the url was probably changed or the person deleted.
With most insurance policies, you are asked to list both primary and secondary beneficiary(ies). If your primary beneficiary(ies) dies or cannot be located, benefits are paid to your secondary beneficiary(ies) in the same manner. If there are no such beneficiaries, then typically it defaults to a widow or widower; then to a child or children; next to parents; to the executor or administrator of your estate; and finally next of kin as determined under the laws of the State where you lived. Some form of court proceedings will probably take place. It is important that you keep your designated beneficiaries' addresses current. Failure to do so could mean that your beneficiary cannot be located and therefore benefits will not be paid to that person.
Information on insurance management can be found online, on such sites as WiseGeek and InsMgt. There are also companies that offer advice on insurance management in person, for example Insurance Management Bahamas.
Vehicle liability insurance is insurance that only covers the other car. That means that if you get in a wreck, you are liable for what happens to your car. It also means that that your insurance company will pay for the damages to the other person's car if the accident is found to be your fault, but if it is the other person's fault, then their insurance will pay for the damages to your car.
? Bike was valued at 154.00 and paid by insurance claim...
Vehicle liability insurance is insurance that only covers the other car. That means that if you get in a wreck, you are liable for what happens to your car. It also means that that your insurance company will pay for the damages to the other person's car if the accident is found to be your fault, but if it is the other person's fault, then their insurance will pay for the damages to your car.