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Is an amendment in a car insurance policy legally binding?
Yes, An insurance policy is a legal contract of indemnity. Amendments and endorsements are changes that become a part of that contract.
Are you legally required to include your spouse on the auto insurance policy if you own the car yourself?
Legally...no. But, for insurance purposes, yes.
Can a 17 year old purchase his own auto insurance in NJ?
Most insurance companies would not allow this to happen because firstly an insurance application and policy together make up a legally binding contract. A person under 18 years of age are not able to be party to a legally binding contract.
Can you insure someone else's car that doesn't have insurance on it?
Again, you cannot legally insure a vehicle that does not belong to you. The insurance policy and application make up a legally binding contract and state that you must own the vehicle in order to participate in the contract of insurance on the vehicle.
Can a person insure a car of their parents?
No. The insurance must be in the name of the owner of the vehicle. An insurance policy is a legally binding contract and if one party does not own the vehicle then the policy and thus the contract is void. The insurance company cannot pay a claim on a vehicle if the owner is not party to the contract. They also cannot legally pay the owner because they are not an insured person under the contract.
Would my insurance cover if somelse in my house drive my car?
Yes. As long as you have obeyed the terms in your policy and you have all members of your household listed on your policy. If you have not listed all household members on your policy as drivers and have not paid the required premium for that person why would you think that the insurance company should pay the claim. You have lied to the insurance company and therefore voided your legally binding contract by means of material misrepresentation. Most likely if they find out the person will be listed as a driver and you will probably have your policy cancelled.
Can a 17 year old get insurance on parents car without parent being on insuracne policy?
A 17 year old can not enter into a legally binding contract. Therefore a parent or guardian must countersign the Insurance Application.
How an auto insurance policy is a binding legal contract?
An insurance policy in combination with the application for insurance together make a legally binding contract. The application is the acceptance of the quote along with certain guarantees made by the applicant. As long as the truth is given on the application then the application is accepted by the company and it is a bound contract. If it is later found that you lied on the application, the contract is broken and the company does not have to abide by their part of the agreement either.
Can auto insurance be in a minors name as long as the guardian is a signy?
Most insurance companies will not allow insurance to be in a minors name. The reason for this is that an insurance policy is a legally binding contract and a minor cannot usually sign such a contract. It is usually also not a goo idea to have a vehicle titled to a minor and the policy should be in the name of the person who owns the vehicle.
Can i have a car and title under my name and be added to my fiance's insurance policy without the car legally becoming his?
yes, the insurance policy is different from the car title (title is government, insurance is business) in most states, if you live together, you are both required to be insured on the car.
Can a car be registered to one person and insured by another in the state of Ohio?
You cannot do this in any state. An auto insurance policy is a legally binding contract between two parties. The named insured must be the owner of the vehicle and no one else. The only exception to this is in the case of two legally married persons in that vehicles owed by either one is allowed to be on an insurance policy of either one of them.
If you were someones caretaker until they pass away and they leave you as benificiary on their life insurance policy and not their stepchildren does this legally belong to the caretaker?
The proceeds of the life insurance policy legally and contractually belong to the named beneficiary of the policy, in this case the caretaker.
