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If you are the beneficiary how could a friend claim the life insurance through probate?

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Wiki User
2005-10-29 04:19:29
2005-10-29 04:19:29

Under normal circumstances the named beneficiary collects the proceeds from a life insurance policy without court intervention.

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In rare cases, a person will make a close friend or relative the beneficiary of their life insurance policy instead of their spouse.

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A person can name anyone they choose to be a beneficiary. This can include a friend, child, spouse, parent or other relative. Some people even name organizations or charities as a beneficiary.

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There's no fundamental reason you can't designate any legal person you want as the beneficiary of your policy. ("Legal person" does not mean that the person is legal, but is meant to include both real people and corporations.)

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If you have home insurance then you should phone your Insurance Adjuster and ask them this question. They have a copy of your insurance policy.

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Yes. It is not unusual for an only child, favorite sibling, friend or other relative to be named the executor and beneficiary.

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Depends. If said friend has insurance then in most cases their insurance will cover the damages due to vicarious liability. If the friend does not have insurance, you are then responsible for any damages caused.

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yes because if you have insurance on your car as long as you name is on the title and you were in the car with your friend most likely the insurance will cover it

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An heir does not have to be a blood relative. An heir, also known as a beneficiary, is whoever is listed in a will or trust as a beneficiary. So it could be a friend, or a charitable organization, or a blood relative. It is up to the person making the will or living trust.

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Do you have car insurance? Yours will cover it. Your friend if he is a true friend, will cover the deductible.

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Yes I would I think that hanover insurance is a well trusted company and if I were to recomend it to a friend the friend I recomend it to would enjoy the professionalism of the company.

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It would be a very foolish move to put a friend on your car insurance because if they have an accident you will have to pay any expenses. This also includes letting a friend use your car.

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No, insurance does not always follow the owernership of the car unless you and your friend live in the same house and you have your driver's licence. If you tell the insurance company that you are not going to drive the car at all time and main driver is your friend, then you do not have to be under the same insurance.

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There are many companies that offer homeowners insurance. You can go to a local insurance agent, you can do an on-line search through one of the many popular search engines on the, you could look in your local yellow pages or even ask a friend for a recommendation.

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Insurance follows the car, and points follow the driver. which means that the friend will receive the ticket and the points against his insurance. However, your insurance will pay for your car and you should not receive the points for the ticket. Check with your state for insurance guidelines.

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generally the person who owns the car at fault involved in the accident is financially responsible. hopefully you have insurance and your friend is not excluded from your policy for some reason. if your friend is not excluded then your insurance company should pay

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Any life insurance policy has a "beneficiary" - the person who gets the money when the insured person dies. If your ex-husband is still your beneficiary, then he gets the money if you die. If you don't want your ex to get the dough, then you ought to change your insurance policy to name someone else - your new boyfriend, your kids, your parents, your best friend from elementary school - whoever you want to get the money when you cash in your chips. Everyone - married, divorced, living together, EVERYONE - should review their wills and life insurance policies at least every few years to make sure that they are still correct. And correct them if they are wrong.

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Because insurance laws and costs vary state to state, you should call your agent. Added... You should check with the current insurance company. You are probably going to be unable to purchase insurance on something that does not belong to you in the traditional sense. You might have to insure through a speciality company. See a insurance professional...

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Your friend can gather information on senior citizen insurance from thir financial advisor, or from the local retirement home. Both will have all the information necessary.

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There is more than one answer to this question. Because you did not state who was at fault in the accident. If the other driver was at fault, it is that person or their insurance company that is responsible for the repairs on your car. If it is the friends fault, then it is the friend that is responsible. Even if the friend did or did not know you had did not have insurance.

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No. Your friend is most likely not a named insured on your homeowners insurance policy. Your homeowners insurance policy is specific to you and your property. It would also not cover the losses of a tenant.

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As long as she has the correct insurance that allows the car to lent to a friend then it should cover you.

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This is a very good question my friend. Some of the insurance companies that offer online life insurance are ING, AARP, Liberty Mutual and Prudential.

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As long as the car is in your name, you are financially responsible. Better to let the friend pay for the insurance and YOU keep it current.


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