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Can you drive an insured car without being on the owner's policy?
Wiki User
∙ 16y ago
Providing you DO NOT live at the same address as the insured (in Massachusetts)
Wiki User
∙ 16y ago
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Can an insured person also be the beneficiary on an insurance policy?
Yes, there is no bar in the insured person being beneficiary on another insurance policy.
A person who is insured is called?
The "insured" refers to a person or persons who are listed on the insurance policy for whom a premium is being collected.
When is life insurance paid?
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.
What is the difference between being insured under a policy and being self-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.
What are the difference between the marine Insurance policy and insurance certificate?
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.
Can a licensed teenage driver legally drive his parent's insured car in New York without being insured himself?
no
Who is the applicant on an insurance form?
The applicant is the person who is taking out the policy and who owns the property or premises being insured.
Can your teenage granddaughter drive your car without being insured on her parents insurance?
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.
If an auto policy is canceled due to nonpayment how long you can be without auto insurance without being penalized for being terminated?
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
A teenage driver does not have a car does he need to be insured if he cannot drive the parents car?
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.
Can anyone file a homeowner insurance claim against the policy holders and claim be paid out to the person without policy holder being aware?
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.
Under what conditions should a client have a commercial policy instead of relying on a domestic lines policy?
Is their insured property being used in business more than personally?
