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The policy does not automatically cancel. The person who is the executor or administrator of the estate needs to sign a cancellation in order to cancel the policy. If the policy needs to stay in force for a while to allow the transfer of titles and such, usually the insurance company will agree as long as any and all drivers are added to the policy. As titles are changed the new owners need to get their own policies.
What else can I help you with?
If you lose your drivers license what happens to your auto insurance?
you die
What is auto loan death insurance and how does it work?
Auto loan death insurance is a type of insurance that pays off the remaining balance of a person's auto loan if they die before the loan is fully repaid. This insurance provides financial protection to the borrower's family or estate in the event of their death, ensuring that they are not burdened with the loan debt.
When is life insurance a necessity in a persons life?
Life insurance is a necessity if you have loved ones you'd like to ensure the protection and well-being of your family when you die. There are choices to make once you decide to take a life insurance policy such as; will I take term or whole life insurance?
When you die can the collectors take your life insurance?
Yes, In most countries the law would require that the life insurance be paid into the dead persons estate - if the dead person owed any debts (to tradesmen, banks or for government tax) then the estate must settle these before the dead persons relatives can inherit from the estate.
What is the reasons for one to join insurance company?
I assume you mean the reason to purchase insurance. The reason is to spread the risk. For instance with life insurance, everyone will die, you just don't know when you will die. The insurane company takes a very large group of persons and by using the law of large numbers it can pretty much tell you when you will die on average. They also know how much they will pay out at your death by how much coverage you purchase. With auto insurance it is more difficult because they do not know how many times you will have accidents nor how much damage you will do when you have an accidents. But by using large numbers of people and averages they can again figure it out rather closely. Actually most of the time the insurance company looses money on the pure insurance but hopes to have a gain through investing the premiums paid to the company while they are holding it.
When did Gordon Persons die?
Gordon Persons died in 1965.
When did Wilton Persons die?
Wilton Persons died in 1977.
When did Henry Persons die?
Henry Persons died in 1910.
When did Robert Persons die?
Robert Persons died in 1610.
When did Lynching of Ell Persons die?
Lynching of Ell Persons died in 1917.
When did Peter Persons die?
Peter Persons died on 1962-09-08.
When did Auto Shankar die?
Auto Shankar died in 1995.
