A life insurance policy with a clause for loan or car debt repayment will pay off your car in the event of your death.
Car loan death insurance options typically include credit life insurance, credit disability insurance, and guaranteed asset protection (GAP) insurance. These policies can help cover the outstanding balance of a car loan in the event of the borrower's death or disability.
The remaining balance on your car insurance policy is the amount of money you still owe for coverage until the policy expires.
Simple. You just buy a new policy.
Yes: Your spouse/children can be included on your insurance policy regardless of who was/if there was a cosigner on the car.
Your name must be on the insurance policy, otherwise you are not a covered driver under that insurance policy. Failure to disclose a known driver can void any coverages afforded by the policy and is a well known form of insurance fraud.
There are very few exclusions in a life insurance policy so it should.
If you want him to have insurance cover in the event of an accident you should add him to your policy. Any body that is not on your insurance policy should NOT drive your car, if they have an accident you'll have big problems.
Car loan death insurance options typically include credit life insurance, credit disability insurance, and guaranteed asset protection (GAP) insurance. These policies can help cover the outstanding balance of a car loan in the event of the borrower's death or disability.
Yes, if the policy was in the sole name of the diseased - because the contract/policy is with the person NOT the car.
Depends on the state and your insurance policy. call your local agent.
In third party car insurance policy following risks are covered: Liability when death or injury is unlimited Death or Injury caused to a third party Damage caused to third party property
The term "death benefit" refers to a payment made as a result of a life insurance policy. In the case of car insurance, if there is a lawsuit for wrongful death, and a payment is ordered by the court, then the car insurance will pay. That is not exactly the same thing as a death benefit even though it is a payment made as a result of a death.
No, you can only drive the cars listed on your car insurance policy.
Yes, it is possible to have more than one car insurance policy, but it is generally not recommended as it can lead to complications in the event of a claim. It is important to disclose all policies to the insurance companies to avoid any issues.
Yes, you can add your grandson to your car insurance policy. Speak to your insurance broker.
The policy of Erie insurance is that they believe that their policy protects you against financial loss if you have a car accident. As well as their being other tyoes of insurance but this is the one for car insurance.
Usually the insurance policy of the owner of the car is primary and then if the driver of the car has a policy of their own then it is secondary.