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Can you get insurance on home that you are entering into a lease to own if you are on deed Owner had a claim and now it is hard for you to insure home?
Wiki User
∙ 16y ago
Call 5 insurance companies. and ask them
Wiki User
∙ 16y ago
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How do you insure a car that's not in your name?
I'm not sure why you would want to do this. Why is the owner not getting the insurance? You will be asked on the application for insurance who owns the vehicle, if you are not truthful, you risk, (should a claim arrise), ''mis representation'' on the application and the entire claim can be denied for this. (including the damage you/owner are responsible for to other people)
Will a claim be paid if insurance is in one name and home is in another?
No, most likely the claim will not be denied. If the owner of the home is not listed on the policy as an insured then the owner is uninsured and the company must by law deny payment of the claim. Every Homeowners Insurance contract requires disclosure of the legal owner at he time of application. If the property changes ownership during the policy term the Insurance Policy is automatically null and void at the moment ownership changes. The new owner has to make application and qualify for their own Insurance Policy. It is against the law to insure a home or property in which you have no insurable interest.
What happened if you are owner of the car and insurance is on name of previous owner then can you claim insurance?
The insurance company, once things get sorted out, will probably deny your claim. On top of that, the previous owner screwed themselves, because their insurance will go up.
Who gets the claim money car owner or policy holder?
The car owner and the policy holder better be the same person. If not nobody will be able to get the money. You cannot insure a vehicle that you do not own. If you do the insurance company cannot pay the policy holder because they don't own the vehicle. They can't pay the vehicle owner because they don't have a contract of insurance with the insurance company.
Can a person insure a car of their parents?
No. The insurance must be in the name of the owner of the vehicle. An insurance policy is a legally binding contract and if one party does not own the vehicle then the policy and thus the contract is void. The insurance company cannot pay a claim on a vehicle if the owner is not party to the contract. They also cannot legally pay the owner because they are not an insured person under the contract.
Can i insure my ex-spouse's car on my auto insurance?
No. You cannot insure a vehicle that does not belong to you. If you were to add the vehicle without telling the insurance company that it doesn't belong to you there will be no coverage and any claim will be denied. You will have wasted your money.
Can you Insure a home you don't own?
Insuring a Home You do not own.You can purchase a policy for a home you don't own but the legal owner must be listed as the Covered Person. Otherwise the Insurance Contract is invalid and no claim would be paid.
Can the name on the insurance and registration be different than the name on the title and still be insurable?
You can insure any way you want, but the proper way to insure a vehicle is in the same name as on the car registration. Otherwise, if a claim is made, the insurer could deny the claim, and cancel the policy for incorrect insuring. Insurance maybe, but any state I've lived in would definitely require the car to be registered by the owner. I'm not sure about leased vehicles.
How long do you have to file a claim on your house insurance in va?
You will have to check your home owner's policy. It is a contract that you have with the insurance company and will specify how long you have to file a claim.
Can you get homeowners insurance on someone elses property?
You must have an insurable interest to effect valid coverage. Property must be insured in the name of the owner. So if you want to buy someone else a policy for their property you can certainly pay the bill for some else's property insurance but you can not insure it in your own name. If you insured someone else's home in any name other than the legal property owner and it burned down or suffered some other loss, the Insurance company can not legally pay your claim simply because the property does not belong to you. They would also not have to pay the owner because he or she was not an insured on the policy. The proper way to insure it would be under the name of the legal owner, If you also have an insurable interest in the property, then your name can be added as a co-insured. Should a claim arise, the claim check would be issued under both names.
If a home insurance claim is made within thirty days of purchasing a home does the claim go against the previous owner's insurance?
Once you become the legal owner of the home and something occurs that is covered by homeonwers insurance then it is your insurance that must cover the claim. In the event the incident is not covered by your insurance policy and you feel that a material misrepresentation was made by the seller then I can only suggest getting the advice of an attorney.
Which is the correct journal entry for receiving a payment from an insurance company for previously submitted claims?
insure claim resived bu party
