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Is title insurance transferred in a conveyance of real property?
No. Title insurance only covers the person who purchased the policy. You would need to purchase your own title insurance policy.
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.
Who is the person that is the holder an insurance policy?
policy holder
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 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 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.
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 one person own the home and another purchase the homeowner's insurance?
If you mean can you pay for the other persons ( the owners ) insurance policy yes. If you mean can you insure it for yourself no.
Who is the Owner of life insurance policy?
Typically,the person who purchased it owns it. That person may be different from the person insured or the beneficiary. The owner can usually make decisions concerning the policy. An example with respect to a policy issued by a stock company, whether to have the company send a dividend check or to use the dividend to purchase additional insurance.
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.
Is the cheapest insurance a guarantee of the best insurance policy?
You really need to find a balance of cheap prices while insurance policy, the better insurance policy you get, the more expensive it gets. But the cheaper price the policy, the effectiveness of the policy will suffer.
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.
