Yes they should be listed to protect their interest.
If you are referring to "Homeowners" insurance, the second mortgagee should be listed on the policy.
A "Named Insured" or "Insured" should defined by the policy and listed in the Definitions section of your policy. Generally it is the person listed on the declarations page, and permanent residenants of your household.
A homeowners insurance policy should be in the name of the owner(s) of the property as listed on the property deed. Also considered to be insured under the policy are all household residents. Children who are immediate family members and who are temporaily away at boarding school or college are still members of the household.
Homeowners insurance does not generally cover the murder of a person listed on the policy. For that, you need life insurance.
The vehicle is insured not the individual. You can pay for and obtain the insurance in the name of the owner with you listed as an insured operator.
No yes. the titled owner should be listed as an aditional insured.
The question is a little confusing. If the spouse or person is listed on the insurance policy as a driver of the vehicle then they are indeed insured and shouldnot besubject to being penalized for that specific issue.
The "insured" refers to a person or persons who are listed on the insurance policy for whom a premium is being collected.
If a person has a living trust that allows them to live in the home for as long as they live, they would still be eligible for a homeowners policy. The policy should be in the name of the person living there and the trust name should be listed as an additional insured. This way the home is covered which is legally owned by the trust and the contents are protected as they are owned by the person living in the home. Both are protected by the liability coverage.
You have to be either named or you have to fit the definition of a named insured on the policy.
Your Homeowners insurance policy will pay for damages that result from the covered perils specified on your insurance policy subject to the policy limits and any deductibles listed therein.
It depends on your state and the company. Some states (NY specifically) require that the registered owner be listed as the insured or Second named insured on a policy. They must be listed on the bar-coded insurance cards in order to register the veh. Some insurance companies have specific underwriting guidelines that require that the owner be listed as the insured, while other companies may not require it.