You can be the named insured on a policy for any real property you own. In fact, only the owner can be the "named insured".
Individual added to a life insurance policy other than the insured named in the policy. For example, an insured father can have a dependent son and daughter added to the policy as additional insureds. In many instances, adding an additional insured to an existing policy is less expensive than purchasing a separate policy for that insured. In property and liability insurance: another person, firm, or other entity enjoying the same protection as the named insured.
YES
An Umbrella olicy is financial protection that exends the covergage limits of underlying insurance policies of the named insured(s). If the insured suffers a loss that exceeds the limits of an underlying policy, the umbrella kicks in to offer coverage at the higher limit.
A named insured is someone that has an insurable interest in a property. They don't need to be the deed holder. The deed holder is the person that owns the property. For example if you rent a house from someone. You have a insurable interest in your property that is inside the house. The deed holder has an insurable interest in the house itself and not the contents that are not fixtures. So the insurance company could issue a renters policy to the renter and he would be a named insured and the insurance company could issue a policy to the owner and he would be a named insured. 2 different policies covering different things.
If an insured has a policy where there is no named beneficiary, or the named beneficiary is deceased, then the benefit will be paid to the insured's estate.
The insured's are those specifically named on the insurance policy, Typically the homeowner(s) and dependent children would be construed as the insured's as well as listed lien or mortgage holders. Anyone not named would not be insured
A Loss payee on a Professional liability Malpractice Insurance Policy would be the injured party claiming loss or damages as a result of the actions or in-actions of the Named Insured Professional
No, a homeowner's policy lists both a named insured and an insured location.
The named insured(s).
Yes as long as the named insured is not a spouse, or if the spouse does not drive and does not have a drivers license the spouse can also be excluded.
Actually the odds could be 100% if the woman's husband owned three different life insurance policies naming her as the primary beneficiary for each of the policies. Or, perhaps her parents each owned life insurance policies, as well, and named her as the primary beneficiary.
Generally, no. Life insurance proceeds are paid directly to the beneficiary of the policy, if that person is living at the time of the insured's death. If a contingent beneficiary is named, the proceeds are paid to him/her. If the policy specifies that the proceeds are to be paid to the estate of the insured, or if none of the named beneficiaries are living upon the insured's death, proceeds will be paid to the estate. In that event, they become part of the Estate. If the law of the State in which the insured died requires a probate proceeding (usually depending upon the size of the estate), the life insurance proceeds would pass through the estate.