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What is the person that buys the insurance policy called?
The person that buys the insurance policy is referred to as the policy owner. This person is the only one that can make changes to the policy or cancel it. However, there may be more than one policy owner for the same insurance policy.
How can one sell their life insurance policy?
One can sell their life insurance policy and this is called Viatical Settlement. An insurance company sells insurance policy to a person. This person (viator) sells his policy to another person (viatical settlement provider). When the first person dies, the second person will benefit and cash in the money.
Who is the person that is the holder an insurance policy?
policy holder
Where online can one get a public liability insurance policy?
One can buy a public liability insurance policy online from many insurance companies. These include Hiscox, Axa Liability Insurance and Endsleigh. One can use comparison sites such as Compare The Market to compare prices and conditions.
What if your driving a friends uninsured vehicle with them and have and accident with another uninsured vehicle but you do have uninsure motorist insurance on your own car who insurance is responsible?
Since you are the only person with insurance it would be your insurance that pays, if your policy says this situation is covered. It depends on your insurance policy. Some cover you, others don't
Can an insured person also be the beneficiary on an insurance policy?
Yes, there is no bar in the insured person being beneficiary on another insurance policy.
Can auto insurance company drop an insured person who has a suspended license?
You will just have to contact your insurance company and ask them. Some companies will drop your policy while others will not.
What is car insurance policy number?
A policy number is a number or combination of letter and number that designates that policy from all others within an insurance company.
Does homeowners cover a murder of a person on the policy?
Homeowners insurance does not generally cover the murder of a person listed on the policy. For that, you need life insurance.
Why do people compare insurance rates?
People compare insurance rates for a couple of different reasons such as to ensure that they are getting the best policy for the price and to save money as well.
What is a professional occupation for a life insurance policy?
A life insurance policy is not a person and does not work therefor it does not have a professional occupation.
What exactly is a life insurance company?
A live insurance company is a company that holds a "life insurance" policy on a person. The policy is taken out by a person and fees are paid. And, if for some reason the person's life ends, the policy is paid out to the beneficiaries as long as the death was not done on purpose.
