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What type of insurance will cover a person home iF the owner dies?
Wiki User
∙ 11y ago
Homeowners Insurance is what you need to cover a home.
Wiki User
∙ 11y ago
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Does home insurance continue to the executor after a person dies?
The executor should contact the insurance company and notify it of the death of the owner of the policy.
If a life insurance policy owner dies what happens to the policy?
if the owner of a life insurance policy dies and the policy is on her son. What happens to the ppolicy and is it part of the estate.
What is contingent owner on life insurance policy?
The new owner of a life insurance policy if the original owner dies before the insured.
When a car owner dies does the auto insurance remain in effect until the expiration date and will it cover co-owners who drive the car?
You should speak with your insurance - things will be switched over.
Is the owner of a car liable if the person driving has a fatal accident?
Yes, he is liable if the person driving has a fatal accident. His insurance allows him to cover people that drive his car with his permission. If that person wrecks his car and dies, the insurance would pay the funeral expenses and give the actual cash value for the car minus the deductible.
If owner of a house dies does insurance pays off house?
Only if they had mortgage insurance.
Does a currently in force life insurance policy become void if the owner of the life insurance policy dies?
No.
If homeowner dies does homeowner insurance cover it?
Homeowners insurance covers the house itself should it be damaged. Many of the policies include liability insurance so that if anyone is injured there you have protection. There are some types of mortgage insurance that cover the remaining mortgage should the owner die. But, if the lender does not require it due to a low down payment, one would have to specifically buy that.
What happens if a person dies and leaves no beneficiary for his life insurance policy but there is a will?
In Canada, if there is no beneficiary of the life insurance policy, the proceeds go into the estate of the owner. This person is often the same as the life insured but doesn't have to be (eg a father buying life insurance on his son. The father is the owner and the son is the life insured). The proceeds form part of the owner's estate and are distributed according to the instructions in the will after all debts have been satisfied.
What type of insurance do you need in order for the mortgage to be paid off when one owner dies?
Joint Mortgage Term Life Insurance
Is the loan for a vehicle paid off when the owner dies?
Not under the standard auto insurance policy.
What kind of health examination do you have to undergo before you can qualify for homeowner insurance?
You do not need a health examination to obtain home owner insurance. Your health is not an issue. If you were to suddenly die, after buying home owner insurance, the insurance company doesn't have to pay a death benefit, since home owner insurance isn't life insurance. What happens when a home owner dies is that someone else inherits the house. The new owner will have the option of continuing the existing home owner insurance policy.
