If you have credit life on the loan, you should be able to supply the insurance company with a death certificate as well as with their claims form. Your purchasing dealership may help you. The insurance will not pay any late payments due prior to the death of the insured. In order to avoid problems, continue to make payments until they pay off the vehicle. The loan institution will refund all overpayments.
The answer is NO. All disability insurance policies have an exclusion for disabilities that occur while involved in a criminal activity, or incarcerated.
There are two programs to which a disabled person can apply. Social Security and Supplemental Security Income disability programs are the largest of several Federal programs which provide financial assistance to disabled people. How much you get depends upon a variety of factors. The site below has a Benefits Eligibility Screening Tool which you can use to find out which programs may be able to pay you benefits. http://www.benefits.gov/ssa Also, there is a heap of information on this site as well. http://www.accessible.org/social-security-disability-payments.html
Not as a cosigner unless they are on your insurance. Or if you are the parent and they are your dependant. Either way you COULD be sued but you would win regardless. Y-THINK-Y
Not as a cosigner unless they are on your insurance. Or if you are the parent and they are your dependant. Either way you COULD be sued but you would win regardless. Y-THINK-Y
Yes. It's possible that the financial transaction that the cosigner was involved with (liable for) might also be affected.
Autism
The title, registration and insurance should be transferred to the new owner. If not and you are involved in an accident you may encounter problems with the insurance coverage and in the worst case scenerio the insurance company may refuse to pay. That would leave you exposed to a lawsuit.
The only option to be removed as a cosigner is to have the secured property refinanced without the cosigner being involved.
There are two parties involved in an insurance contract. They are;Insurer: The party to an insurance arrangement who undertakes to indemnify for losses.Insured: The person, group, or property for which an insurance policy is issued.
The Lexington Insurance Company is involved in the following divisions: casualty, programs, healthcare, property, captives/ART, and personal lines insurance.
Contact the agency involved.
Insurance regulation involves a number of stakeholders. Insurance companies are directly involved. Legislative authorities will also take part on the regulation in ensuring that the regulation will be mutually beneficial.