Yes, there is no bar in the insured person being beneficiary on another insurance policy.
The "insured" refers to a person or persons who are listed on the insurance policy for whom a premium is being collected.
If you are the "insured" or the person that is listed on the life policy for whom the premium is being collected, your "benficiary" that is predetermined by you will be paid the amount of the policy upon your death. If you are a beneficiary, then you will receive the policy amount upon the death of the insured.
If you have an insurance policy purchased from an insurance company, some or all of the financial losses you incur will be reimbursed by the policy issuer. If you are self-insured you, or the company that is self-insured, is responsible for all financial losses and liability to others. Some self-insured companies are self-insured only for the first million or 5 million dollars, and have bought insurance policies to cover larger losses. Their annual insurance premiums are lower as a result, since the purchased policy is not responsible for those less, and more frequent, losses.
A Marine Insurance Policy is the actual contract of insurance between the insurer and the insured. Most of these policies are what is being referred to a Open Marine policies which means that the policy covers many shipments under one policy. An insurance certificate is issued for a particular shipment that the insured declares under the Open policy. The insured does not issue a policy for each individual shipment.
no
The applicant is the person who is taking out the policy and who owns the property or premises being insured.
As long as she has your permission, she can drive the vehicle and she will be covered. If she drives it more than a few times, you should add her to the policy.
In my state Michigan its usually about 6 months, but i would get insured before the experation date on your proofsincase the new isurance agency wants to see proof
If he's not driving the parents car then he should not need to be insured for it. He should however be insured for whatever car he "Is" driving. All drivers are required to carry financial responsibility, regardless of who's car they are driving. This can be accomplished by being a scheduled driver on the car owner's policy, or in some cases by a non owners policy. Also bare in mind that parents and legal gaurdians can be held financially liable for the acts of minors.
That would be rather unusual, The Insurance Company will usually make several attempts to contact the insured for a statement. It could happen though if the insured ignores the company requests for information and neglect to notify them of any loss situation.
Is their insured property being used in business more than personally?