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If you own a car but your sixteen year old Grandson will drive it but he lives with parent can he be insured on her policy?
Wiki User
∙ 13y ago
i think so
Wiki User
∙ 13y ago
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Can anyone else but the insured change the beneficiary on a life insurance policy?
Only the POLICY OWNER can change the beneficiary on a life insurance policy. In most cases, the insured is also the policy owner, but it's not a general rule. The policy owner can be another person who is paying the premium (for example, a parent or guardian, spouse or other family member), or a bank, or a business. If the policy owner is not the same person as the insured, then the insured has no control over who the beneficiary is on the policy.
Can a parent get paid if insured is the child and he or she commits suicide?
The provisions of the insurance policy would be the only ruling authority. Check the wording of the policy.
Must a spouse be beneficary of life insurance policy in virginia?
No state law will require whom the beneficiary is on a life insurance policy. This is up to the owner of the policy. it may be changed by the owner of the policy if they choose to do so as well. Remember that the owner and the insured is usually the same person but they don't have to be. Such as with a minor child. A parent would want to be the owner of the policy while the child is the insured. This is the same with any policy. The owner has ultimate control over the policy and is the only one who can make changes or cancel the policy. The insured has no say after the policy is issued to do anything with it.
As a beneficiary do you own the policy after insured dies?
No. You do not own the policy. You will only receive the policy proceeds after the insured person dies.
Is a sixteen year old covered on a policy if she is not listed?
Depends, do they have a drivers permit, if so, why not call the agent and have them put on the policy. If no permit, the policy wording is important, read it and see uner "insured" what it says, it may say any one who is a resident of your household, also, permission from the named insured is a factor. Best to get the person added to your policy and you won't have to worry about about it, worry about paying the increase in the premiun.
If i am a passenger in a car that is not insured and I suffered an accident in that car can i claim uninsured motorist benefits under my parent's policy?
I think. if ur under 18.
Can anyone but the insured of a life insurance policy change the beneficary on a life insurance policy?
Yes, the policy owner can change the beneficiary. Sometimes, the person insured and the policy owner are not the same person, if someone else pays the premium for the insurance policy. For example, a parent or guardian taking an insurance policy on spouse or children. Some insurance policies are assigned to cover bank loans, and even if the insured may pay the premium, the bank can be assigned as the owner of the policy; in that case the bank decides who the beneficiary is going to be (usually in this scenario, the bank will also be the beneficiary).
Can you add your grandson to your car insurance policy?
Yes, you can add your grandson to your car insurance policy. Speak to your insurance broker.
What is a Additional named insured?
Individual added to a life insurance policy other than the insured named in the policy. For example, an insured father can have a dependent son and daughter added to the policy as additional insureds. In many instances, adding an additional insured to an existing policy is less expensive than purchasing a separate policy for that insured. In property and liability insurance: another person, firm, or other entity enjoying the same protection as the named insured.
What does Additionally Insured on a Vehicle Insurance Policy mean?
The person who took out the policy is the main or policyholder. Any persons added to the policy are considered additionally insured.
Should the insured sign the policy delivery form along with the policy owner if the insured and the policy owner are not the same person?
No, the policy is delivered to the owner and only the owner has to sign, acknowledging receipt of the policy.
What is The different between insurer and insured?
The insured is the person or entity who is covered by the insurance policy. The insurer is the entity (insurance company)that pays to, or on behalf, of the insured for a covered loss. That which is covered by the policy is set forth in the insurance policy.
