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generally yes - to the legal representative - check conditions "death" for specifics or contact your agent/insurer.
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Will the homeowners insurance go up if spouse dies?
No. This will have nothing to do with the price of the homeowners insurance.
A life insurance policy that pays whether the policyholder lives or dies is called?
A life insurance policy that pays whether the policyholder lives or dies is called a whole life insurance policy. This type of policy provides coverage for the policyholder's entire life and typically includes a cash value component that grows over time.
Does a auto insurance policy get canceled when the policy holder dies?
Generally, an auto insurance policy does not automatically cancel upon the policyholders death.The policy will typically continue to provide coverage to the executors of the policyholder's estate until the end of the policy term.
What type of insurance will cover a person home iF the owner dies?
Homeowners Insurance is what you need to cover a home.
What are the stipulations of an or definition of contractual plan completion insurance?
An insurance policy for persons who have agreed to buy mutual fund shares in a periodic payment plan. If the policyholder dies before he/she has finished buying shares on the periodic payment plan, the insurance policy will purchase the remainder of the shares the policyholder agreed to purchase
Does homeowner insurance cover a daughter renting a room that dies accidentally?
I don't really understand what you would expect the homeowners policy to pay for in this situation. Homeowners insurance is not life insurance and does not provide any type of such coverage.
If your husband dies and you are a named driver on his comprehensive car policy are you covered to drive his car after his death?
In the UK no. The main policyholder has to be living for the insurance to be valid. Check with your insurance provider for clarification
Does homeowners insurance pay off your mortgage if one of the homeowners dies?
No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.
Is homeowners ins required when homeowner dies and home is left to children and home is empty?
There is no legal requirement in the U.S.A. for homeowners insurance. If there is still a mortgage on the home though, insurance is almost certainly required by the mortgage contract, but this is a contractual obligation, not a legal requirement.
Does home insurance continue to the executor after a person dies?
The executor should contact the insurance company and notify it of the death of the owner of the policy.
Who takes over a life insurance policy when the policy holder dies?
If the policyholder (policy owner) is also the insured, then no one does. The policy proceeds (assuming the policy is in force at the time of death) are paid according to the designated beneficiary(ies), and the contract ceases to exist. If the policyholder (owner) is not the insured, then the policy ownership would flow according to the owner's will.
Would homeowners insurance cover the remaining balance if the owner dies?
No, homeowners insurance pays for damages and losses due to certain hazards listed on the policy. Typically, Fire, wind, Hail, falling objects etc, But it will not pay the mortgage note nor pay the house off due to the death of a buyer.
