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Which type of insurance coverage allows the insured to purchase more insurance after specified period of time?
Wiki User
∙ 11y ago
Insurance policy with top-up arrangement, will allow you to purchase more insurance coverage any time.
Wiki User
∙ 11y ago
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Which type of insurance coverage allows the insured to purchase more insurance after a specified period of time?
term insurance
How is renter's insurance different from homeowner's insurance?
Normally, renter's coverage applies only to the contents of the dwelling (furniture, for example). In contrast, homeowner's coverage is much broader. It applies to the structure of the dwelling, contents, and typically has an element of liability coverage that provides protection to the insured in case a guest is injured, because of the insured's negligence, upon the insured premises.
Is additional insured the same as insured as used in a business income coverage policy?
An Additional Insured is only used for General Liability coverage. Since Business income is a property coverage, they would not be insured. Also, business income is designed to pay for loss of income to the insured, not lienholders, or contractors they are performing jobs for.
Can you have multiple life insurance policies with multiple insurance companies?
Yes, you can own multiple life insurance policies with multiple insurance companies. The application for coverage usually asks if you own other life insurance policies and how much coverage you own. The insurance company wants to make sure you aren't over-insured for any reason. But, if they say it's ok, you can buy life insurance with several insurance companies. Just make sure to answer the questions on the application truthfully. I hope that helps. Best of luck to you.
What is stranger initiated life insurance?
In recent years "STOLI" coverage has diminished greatly. Several years ago, someone previously unknown ("the stranger") to a potential insured initiated an application for coverage with an older applicant. Once covered, the insured is offered a sum of money to sell the policy never needed in the first place. Thus, leaving the death benefit to the now new owner of the policy who would then collect the death benefit once the senior had died. Obviously, insurance companies took a very dim view of this practice, and various state have enacted laws preventing this type of transaction. In addition, may applications for coverage now ask questions of both the agent and the potential insured about the nature of the coverage and if money has or will change hands due to this proposed policy.
Which type of insurance coverage allows the insured to purchase more insurance after a specified period of time?
term insurance
Which type of insurance coverage allows the insured insurance to purchase more insurance after a specified period of time?
term insurance
How much is a double break on a foot from home owners insurance?
There is not enough information to answer your question. Did this injury occur in the home or away from the home? Who was injured and how did it occur? Was an insured household resident injured at the insured home? A homeowners insurance policy often provides a small amount of medical coverage if the insured elected it at the time of purchase for minor household injuries but does not replace a medical insurance policy. Was a guest injured on the premises of the insured home? Homeowners insurance policies often provide Liability coverage if the insured elected the coverage at the time of purchase that might provide coverage if the insured home owner was at fault for the injury. You would need to check your home insurance policy or contact your agent to determine if you purchased medical coverage or liability coverage depending on what occurred and if so, what limits are available.
What is guaranteed insurability?
Guaranteed Insurability refers to a person who is insured on a life insurance policy. Guaranteed Insurability guarantees the insured person to purchase additional life insurance coverage without having to take a physical examination or showing any other evidence of insurability. Additional life insurance coverage may be purchased at a stated time in the future. Some life insurance policies offer the opportunity to purchase additional guaranteed life insurance coverage on certain anniversary dates of their life insurance policy, such as, every fifth year of the policy up to a maximum age of 40, 45, or 50. In addition, the insured person may be able to purchase additional guaranteed life insurance coverage upon the birth of a child in the insured's family.
What does 'stacking' mean in regard to auto insurance?
Georgia automobile insurance law states that people who purchase insurance may "stack" - or add the coverage together for each insured vehicle - for uninsured and underinsured motorist coverage.
Will homeowners cover damage to non owned golfcart if you damage it?
Homeowners insurance is coverage for specified property owned by the named insured. It does not cover the property of others.
Can a child be an insured in a home owners insurance policy?
Yes, If a child owns the home, the legal gaurdian can purchase the coverage needed.
How can you find out if your car is insured?
Your car is not insured unless you purchase insurance for it.
What if the other driver has some insurance but not enough to cover my losses?
In most states you can purchase under-insured motorist or uninsured motorist coverage that will kick in when the other parties insurance is depleted.
How do you find your neighbors homeowners insurance for liability?
You will just have to ask them for the insurance information. there is no central registry or database for homes and the insurance companies that insure them. You should first determine if your neighbor even has Liability insurance. Not all homeowners purchase liability coverage with their insurance policy. A home insurance policy can be bought with or without liability coverage. If the homeowner has elected liability coverage, The homeowners insurance policy will provide the homeowner with legal defense for the cost of defending against a suit that is brought against them claiming liability on the part of the insured. If the Insured is found at fault or liable in court, then their insurance company will cover the cost of those liabilities up to the specified policy limits. Alternatively you can sue your neighbor. Then If your neighbor has Liability coverage on his home insurance policy, You will then meet your neighbors insurance company attorneys in court.
Who is covered in Professional Liability Insurance?
The practicing professional or organization is generally the named insured. The coverage provides for legal defense and or mediation costs of the insured as well as liabilities and judgements for losses of a client that arise from the conduct of the defined profession, up to the specified limits.
Which type of insurance coverage will not pay benefits for the death of the insured due to an illness-?
The accidental death insurance does not pay in case the insured dies due to illness.
