That depends on the type of insurance policy it is. If it's the landlord's policy on his building, with him paying the premiums, then the insurance benefits go to him. For the insurance money to go to you, then you would have had to have taken out renters insurance, with you paying the premiums, insuring the contents (your personal belongings).
The diiference between landlord & renters insurance is that landlord insurance is a policy that covers property owner from financial losses with their property.Renters insurance is policy that cover the renter from financial losses or personal items.
An insurance policy and a will are two separate things. The policy is a contract between the insured and the insurance company. The beneficiary of the insurance policy is spelled out in the contract. The insurance company will pay the insurance proceeds to whoever is listed to receive the proceeds. The proceeds from an insuranc policy can be paid into the estate of the deceased and disbursed according to the terms of the will. The issue is who is listed as being the beneficiary of the insurance policy.
Landlord insurance is designed to protect rental properties and the landlord's financial interests, while home insurance is meant to protect owner-occupied homes and the homeowner's personal belongings. Landlord insurance typically covers rental-related risks like loss of rental income and liability from tenant injuries, while home insurance focuses on protecting the structure of the home and personal possessions.
The terms of the AAMI landlord house insurance represent an agreement between a customer and AAMI for insurance coverage. Some of the items of the terms include that AAMI landlord house insurance will provide coverage for flood damage, rain or stormwater damage, as well as any damage or loss caused by theft and vandalism.
A tertiary beneficiary is only entitled to proceeds if the primary and secondary beneficiaries are no longer living.
The fundamental distinction between landlord and homeowner boiler service insurance is that the insurance should cover the landlord’s requirement to keep an annual Landlord Gas Safety Record. This is something we can offer with all of our landlord services. For your convenience, we can provide electronic copies of the certificates of all our heating engineers registered with Gas Safe.
Landlord insurance can protect against disasters that would cost money for the landlords complex. These disasters can include fire, lightning, explosions, earthquakes, storms and floods. However, it varies between policies.
A primary beneficiary is the first person or entity who will receive the life insurance proceeds upon the policyholder's death. A contingent beneficiary is the second choice who will receive the proceeds if the primary beneficiary is unable to do so.
A primary beneficiary is the first person or entity who will receive the life insurance proceeds upon the policyholder's death. A contingent beneficiary is the second choice who will receive the proceeds if the primary beneficiary is unable to do so.
A will does not normally change a life insurance policy. The policy is a contract between the insured to pay a beneficiary. If the policy leaves the money to the estate, the will then controls the dispensation.
This is a matter between the inspector and the landlord. The inspector usually as his own insurance (normally, workman's comp) to cover this type of situation.
I assume that you are referring to the unfortunate circumstance of the dealth of a child. An insurance policy, including a life policy, is a contract between the insured and the insurer. The insurer promises to pay a sum of money to or on behalf of the insured or his/her designee (the beneficiary) upon a determinable event (sometimes called a "contingency"). With a life policy, that event is the death of the named insured for a reason that is not excluded from coverage. The insurance policy will designate a beneficiary to whom the proceeds are payable. Therefore, absent other facts that you have not stated, the insurer will pay proceeds only to the named beneficiary.