if your accident is severe enough and the other person is underinsured - then you could collect from their insurance (must be their policy limits) and your insurance under the "underinsured coverage" or UIM - Underinsured motorist
There are many different kinds of insurance policies. Read the policy and find out what the terms of the policy are.
Probably not unless the insurance company decides to allow it or it was a provision in the life insurance policy. Normally, people are not able to collect on their life insurance policy until the insured dies.
They don't, power of attorney doesn't make you the beneficiary. Only the person who owns the policy (usually the person the policy is on) can change the beneficiaries for the policy.
Your beneficiary can collect benefits from your insurance policy if you commit suicide if, 1. Your policy provisions for payout in the event of suicide. 2. Your waiting period has been satisfied if stipulated by your insurance carrier and policy. Read your policy carefully and contact your policy carrier for assistance and clarity as it relates to your policy.
You can only collect on the life insurance if you were awarded this at time of divorce. I was awarded the ability to take out a life insurance policy on my ex. as I receive a military retirement which only exists if he is alive. After his death, it would stop, therefore I have the life insurance policy.
The person that buys the insurance policy is referred to as the policy owner. This person is the only one that can make changes to the policy or cancel it. However, there may be more than one policy owner for the same insurance policy.
One can sell their life insurance policy and this is called Viatical Settlement. An insurance company sells insurance policy to a person. This person (viator) sells his policy to another person (viatical settlement provider). When the first person dies, the second person will benefit and cash in the money.
Incomplete question, what about the policy? How to collect, is it is force, value, some specific question about it.
The insurance policy and a certified, original copy of the death certificate. If the policy has been lost or misplaced, the insurance carrier can provide the appropriate "lost policy" form.
if you were fired for a company policy can you still collect unemployment in new jersey?
The insurance company wants to find any possible risk factors that might lead a person to kill there pet to collect on the insurance policy.
Yes, there is no bar in the insured person being beneficiary on another insurance policy.
I need to report my father's death and collect on his life insurance policy.
You cannot collect any more than your actual damages. If the other driver's insurance does not cover part of the damages and you have a better policy, your policy may pay for the remainder. You would have to discuss your specific policy with your agent to be sure.
Homeowners insurance does not generally cover the murder of a person listed on the policy. For that, you need life insurance.
The insurance policy will be transferred in the name of the new property owner and will be entitled to all benefits against the said policy.
Yes, If the policy was active at the time of the loss then coverage is still valid and not affected by the death of the insured.
I would like to surrender my polocy and collect the policy dividends
A life insurance policy is not a person and does not work therefor it does not have a professional occupation.
Life insurance, I assume? If you're in the US, and if the premiums have been kept up-to-date, yes, he can collect. He's not required to have her permission to take out the policy nor is he required to be married to her in order to collect on it.
Only for the unpaid portion of the first insurance policy. For example, if the first policy covers 80% following a $500 deductable, you can file for the remaining 20% and the deductable on your insurance policy.
If you are the beneficiary of a life insured person who committed suicide, and the policy was older that two years (depending on what company and state), then yes.
A life insurance policy can be had from 0 age (child policy) to a person of maximum 65 years (pension policy).