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What else can I help you with?
Insurable interest with a life insurance policy must exist when?
At the inception of the contract.
Can you get insurance if your not the homeowner?
Yes, It is possible to purchase insurance on behalf of the owner. The Homeowners insurance policy must be in compliance with local law. The legal owner must be the beneficiary and must be listed as the loss payee for the insurance contract to be valid.
How old do you have to be to get car insurance?
In order to legally sign a contract, you must be 18.
How old do you have to be to get car insurance in Alabama?
An insurance policy is a kind of contract, and signatories to a contract must be of the legal age of majority.Throughout the United States, eighteen is the legal age of majority.
Life insurance surrender value?
Some types of life insurance policies accumulate cash value over time. If an insurance policy contract is surrendered before the maturity date, a surrender fee must be paid. Surrender value will be calculated by Cash Value minus Surrender charge.
Can a landlord make you get homeowners insurance?
Sure. If it is part of the contract and you sign the contract then you must abide by the contract and purchase the homeowners insurance. The policy you would need to get is an HO-4 which is for renters. It covers you for loss to your contents and liability as well.
Is there a statute of limitation for reporting a claim?
Claims are normally based on an insurance contract. The contract will specify the time limit in which a claim must be filed.
Can you get a life insurance quote offline?
You can, in fact, get a life insurance quote offline. To get a life insurance quote offline, you must contact an insurance company; either through phone, or just driving there.
Is there a state law that says a spouse has priority over other beneficiaries on a life insurance policy?
Life insurance is a contract between the insurance company and the insured. I have never encountered any laws that allow a spouse to take priority over the beneficiaries designated by the insured. Many companies have rules that if the wife is not designated as the beneficiary on the company provided life insurance, the spouse must sign off on the policy before it will be issued.
The policy summary in a life insurance policy must include the insurance company's?
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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.
