0
No it is not. Probate however is.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What are the difference between the marine Insurance policy and insurance certificate?
A Marine Insurance Policy is the actual contract of insurance between the insurer and the insured. Most of these policies are what is being referred to a Open Marine policies which means that the policy covers many shipments under one policy. An insurance certificate is issued for a particular shipment that the insured declares under the Open policy. The insured does not issue a policy for each individual shipment.
What is a master insurance policy?
master insurance policy In Marine Policy, one Master or Open policy is issued to the Exporter for a fixed amount. Against each shipment, Insurance Certificate is issued against the Master or Open Marine Policy. When the total amount of the Master policy is exhausted,either the value is enhanced or a separate Master Policy is issued to the exporter.
At what age should one consider getting life insurance?
It is suggested that a person should always have a open policy if only to cover funeral cost for an untimely death.
Under what circumstances would I need to purchase public liability insurance?
Public liability insurance is designed to insure the public that are goign to be visiting your business. You should always purchase this insurance the moment you decide to open a business.
What is difference between open cover and open policy?
An open policy and an open cover have the exact same meaning. They both cover loss or damage to goods that are being transported by a specific carrier but they differ in a manner where in Open cover is not an enforceable contract but an agreement and open policy is an enforceable contract of insurance.
Do you make an insurance payment if your car is totaled?
You should check with your insurance company. If you still have a policy open for the car the premium is still due. But I'm not sure why you'd have a policy if the insurance company said the car was totalled
What type of services are provided by Open and Direct Insurance?
Open and Direct Insurance offers a number of services, the most popular of which are their long term life investments, home insurance, and auto insurance.
Which statements best describes public life in Athens?
Public life in Athens was centered around the democratic process, where male citizens participated in decision-making through voting and serving on juries. The city-state also fostered a vibrant cultural scene with theater performances, philosophical debates, and athletic competitions being an integral part of public life. Additionally, public spaces like the Agora served as gathering places for discussions, commerce, and social interactions among the citizens.
What are classes or types of marine insurance?
The types of marine insurance are:- 1.valued policy 2.unvalued or open policy 3.floating policy 4.voyage policy 5.time policy 6.mixed policy 7.port policy 8 block policy 9.blanket policy 10.name policy 11.single vessel and fleet policy 12.currency policy 13.wager and honor policy
What is the several risk insurance?
Not sure if this is what you meant to ask but the "open perils" insurance policy covers every peril or type of damage except for what is listed in the "exclusions" section of the policy. Most perils are "named peril" policies which only cover the perils that are listed in the policy.
Do you have to be a relative or wife to open a insurance policy on someone?
In order to take out life insurance on someone, you have to have what is legally known as "insurable interest" in that person. A spouse or dependant has an obvious insurable interest, but there are other cases as well. For example, a business can take out life insurance on a particularly valued employee. This is known as "key man insurance" (apparently key women are not as important) since the death of an employee can cause financial problems for the employer.
Will an insurance policy payout on an open verdict?
An "open verdict" is a term used in a coroner's inquest to determine a cause of death. Possible outcomes can be natural causes, murder, suicide, or another cause. If dealth is by natural causes, barring anything odd, life insurance should pay without question. Likewise as to murder, although there may be an investigation regarding its circumstances--such as whether the person murdered was the aggressor, or if the beneficiary of the policy was the murderer. Suicide presents a different situation. Most life insurance policies exclude suicide as a payable cause of death during the early years of coverage. The policy terms will specify how long. Once that period has passed there should not be a problem with payment.
