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Whether a son purchase the insurance policy for his father or not?
Wiki User
∙ 14y ago
A son can not generally take life insurance policy on his father's life because of lack of insurable interest in the life of father. Life insurance works on the principle of insurable interest. A father generally has insurable interest in the life of his child due to emotional reasons. That is why life insurance companies design the products for the children which take care of their education and other expenses once they grow up.
Wiki User
∙ 14y ago
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What is wagering insurance?
Common misunderstanding about insurance. In gambling a Risk is created that did not exist prior to placing a bet. Under insurance, a risk exists whether or not an insurance policy is purchased. For example, the uncertainty of one's home burning exists independent of the purchase of insurance; the purchase of insurance should not affect the probability of loss Common misunderstanding about insurance. In gambling a Risk is created that did not exist prior to placing a bet. Under insurance, a risk exists whether or not an insurance policy is purchased. For example, the uncertainty of one's home burning exists independent of the purchase of insurance; the purchase of insurance should not affect the probability of loss
HOW TO FIND OUT IF AN INSURANCE POLICY WAS PAID OUT?
You can contact the insurance company for a status paper of the policy to find out whether the policy was paid out or not.
Where can one purchase a travel insurance policy?
There are many sources for anyone who wants to purchase a travel insurance policy but the best place to start would be by contacting the insurance company an individual already has a policy with and to ask for a recommendation from them.
How can you determine whether instant online auto insurance quotes are accurate?
If they bring you to a page where they are asking for your credit card info to actually purchase the policy.
How can one purchase Statefarm auto insurance?
One may purchase a Statefarm auto insurance policy by calling your local Statefarm insurance broker. Once contacted the insurance broker will talk you through what is required to get an insurance policy ready.
How do you claim your father life insurance after his death?
I need to report my father's death and collect on his life insurance policy.
How to find out if a life insurance policy was taken out and then cashed in upon their death?
How do I find out if my deseased father has a life insurance policy
Does your son with learner's permit needs auto insurance?
Anyone driving a motor vehicle needs to be on an insurance policy. Contact your insurance carrier and have him added to your policy, or purchase a policy for him, whichever is cheaper.
What do you do to find out if a sibling has taken out a life insurance policy on her father but the father had no will?
ask the sibling.
Does an owners liability insurance cover damages to contents of renters property if the homeowner is negligent?
No, a homeowners insurance policy does not provide coverage for the property of a tenant. That's what "Renters Insurance" is for.If the renter chose not to purchase a renter insurance policy, Then the renter was negligent to the extent that the renter chose not to purchase a renter insurance policy, perhaps with the mistaken belief that the owners policy would cover them.
Will travel insurance generally cover me if I catch an illness like malaria on my trip?
It will depend on the policy that you purchase. You need to make sure that you purchase a policy that specifically includes international medical insurance.
How does one purchase debt insurance?
You can purchase a debt insurance policy if you're worried that an unanticipated circumstance may prevent you from making your monthly loan payments. You can purchase debt insurance from a bank.
