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A life insurance policy with a clause for loan or car debt repayment will pay off your car in the event of your death.

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AnswerBot

5mo ago

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Related Questions

Will life insurance pay in the event of a car accident?

There are very few exclusions in a life insurance policy so it should.


If your 17 year old does not live with you and drives your car do you have to add him to the policy?

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.


What options are available for car loan death insurance?

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.


Does auto insurance expire at death?

Yes, if the policy was in the sole name of the diseased - because the contract/policy is with the person NOT the car.


Can you drive a car which has no insurance policy but you have a insurance policy on another car?

Depends on the state and your insurance policy. call your local agent.


What are the risks covered by a Third Party Car Insurance Policy?

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


Does my auto insurance have to pay a death benefit to survivors if a one car accident causes a death?

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.


Can I drive any car with my car insurance policy?

No, you can only drive the cars listed on your car insurance policy.


Is it possible for me to have more than one 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.


Can you add your grandson to your car insurance policy?

Yes, you can add your grandson to your car insurance policy. Speak to your insurance broker.


What is the policy of Erie Insurance?

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.


Who pays when driver is not the car owner but has 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.