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In case of life insurance business a long term policy is issued for how many years or even for whose life?
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What is the difference between a policy holder and a beneficiary?
the person in whose name the policy is issued legally is known as policy holder the person who gains insurance cover is known as beneficiary ,it may be himself or dependents(nominees)
Is your car covered by homeowners insurance on their property?
No. Your Car is covered by your Auto Insurance Policy. It is never covered by a homeowners policy no matter whose property it is on.
Whose auto insurance will cover you if driving another persons car in Florida?
The insurance policy on the vehicle you were driving will pay any damages assuming the owner of the vehicle and the owner of the insurance policy is one and the same.
Whose auto insurance covers a borrowed car?
The policy stays with the car. So the first line of coverage would be that policy.
What is it called when someone buys life insurance on someone else?
On whose life, policy is purchased, he/she is called 'Life Assured', whereas the former is called the 'Proposer' in a life insurance policy.
What is the difference between assured and assurer?
The terms "insured" and "assured" are generally used interchangeably; but strictly speaking, the term "insured" refers to the owner of the property insured or the person whose life is the subject of the contract of insurance, while "assured" refers to the person for whose benefit the insurance is granted.For ex: A wife insures the life of her husband for her own benefit. The wife is the assured, and the husband the insured. The wife is the owner of the policy but she is not the insured.In property insurance, like fire insurance, the insure is also the assured where the proceeds are payable to him.Assured is also used sometimes as a synonym of "beneficiary." The beneficiary is the person designated by the terms of the policy as the one to receive the proceeds of the insurance. He is the third party in a contract of life insurance, whose benefit the policy is issued and to whom the loss is payable.
What is the different between Assured and Insured?
The terms "insured" and "assured" are generally used interchangeably; but strictly speaking, the term "insured" refers to the owner of the property insured or the person whose life is the subject of the contract of insurance, while "assured" refers to the person for whose benefit the insurance is granted.For ex: A wife insures the life of her husband for her own benefit. The wife is the assured, and the husband the insured. The wife is the owner of the policy but she is not the insured.In property insurance, like fire insurance, the insure is also the assured where the proceeds are payable to him.Assured is also used sometimes as a synonym of "beneficiary." The beneficiary is the person designated by the terms of the policy as the one to receive the proceeds of the insurance. He is the third party in a contract of life insurance, whose benefit the policy is issued and to whom the loss is payable.
What is Key Man Disability Insurance?
It is a life policy purchased by a business to compensate them for financial losses that would arise from the death of the member of the business specified on the policy. It can provide money to finance the recruitment and training of a replacement or to finance the buyout agreement.
Can a 17 year old get their own car insurance in ga?
No. An insurance policy is a kind of contract, and a contract cannot be enforced against a minor. An insurance company would be foolish to issue a policy whose conditions could not be enforced.
If a car is titled to an 18- year old but she is under her parents insurance policy whose responsible if she gets in an accident?
She is.
Is there any law in PA that says you must use your insurance instead of your spouse's as your primary?
Yes. Whose birthday comes first in the year is the primary insurance policy.
Whose homeowner insurance covers loss of merchandise stolen from a car the owner of the home or the owner of the merchandise?
The policy that applies to the merchandise owner, is the policy that would provide the coverage.
