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Can another party purchase a contract from a Life Insurance Company on you without your knowledge?
Likely not, as they would have to show a reason for insurance on you. Otherwise, you could buy insurance on all your neighbors, and just collect as they pass on. The party would have to show a financial need to collect money upon your death (spouse, business partner, and the like).
What else can I help you with?
What is recourse for homeowner whose insurance company paid contractor in full and contractor refuses to complete the job as agreed to with the insurance company?
Your contract with the tradesman is between "You and the Contractor", He did not contract with your insurance company. All the insurance company did is agree to pay the bill for you. So you would need to bring your own civil or criminal action against your contractor depending on the circumstances.
How can you cancel a life insurance policy on you if there is no more insurable interest but you are not the owner of the policy?
Under insurance law, the contract owner has all the "rights." So, I know of no way to cancel the contract w/o the owner's consent. However, you may wish to contact your state insurance department and/or the insurance company just to be sure. Alternately, you might offer to purchase the contract from the current owner, as is often done with business insurance "buy-sell" arrangements. Best of luck . rjBeeg rbeeg@optonline.net
What kinds of companies have to purchase errors and omissions insurance?
Companies that offer services to customers need to purchase errors and omissions insurance in case the customer sues the company for errors in business activities.
Can you buy home insurance for a home you dont live in?
Yes. You can purchase insurance for a house you do not live in. You may not be able to use your present company or agent. Still, call your agent for more information. When one insurance company would not write insurance on a house for me, a friend told me about an agent who would.
What is a company which offers cheap household insurance?
A company that offers cheap household insurance is a company that provides insurance for more household items than the average insurance company at a lower rate. An example of such a company is GEICO.
What type of contract do you need to get money for your damaged property?
Insurance contract with an insurance company Indemnity bond
Do mortgage companies or buyers purchase homeowners insurance policy?
It is the Homeowners responsibility to provide property hazard insurance under the terms of your mortgage. If the Mortgage company has to purchase it for you then it means your already in violation of your Home Finance Contract and subject to default.
What is insurance?
is a contract between you and an insurance company in which the latter promises to cover your loss
8 Which is the document in Insurance which can be called the Documentary Evidence of Contract between the Insurance Company and the Insured?
That should be your declarations page. It is a binding contract between the insured (you) and the company.
Can a car only get repossessed for no insurance?
Absolutely. When you purchase and finance a vehicle you sign a legally binding contract. Perhaps you should read what you sign. The contract states that you agree to carry insurance that includes comprehensive and collision with a maximum deductible of usually $500. If you let your insurance cancel then you have broken the contract and therefore the finance company can reposses the vehicle.
How old do you need to be to get car insurance?
Most insurance companies require a person to be 18 years old in order to purchase automobile insurance. The reason for this is that the insurance application along with the policy make up a legal contract between the policyholder and the insurance company. A person who is not yet 18 is not a legal adult and therefore is not legally able to sign such a contract.
Can you get auto insurance without a car?
Yes, you can. Ask your insurance company for a "broadform" contract. This contract insures you for every car you drive.
What insurance company offers an upgrade in your car in case of accident?
None. Your auto insurance policy is a contract of indemnity. Not a contract of profit.
A written contract between an insured person and an insurance company?
It is called in insurance policy.
What is the term for the written contract between an insured person and an insurance company?
Insurance policy
A person who acts on behalf of an insurance company in the solicitation of an insurance contract is known as?
Agent
A contract frequently purchased from an insurance company by the consumer at retirement to provide continual income over a specified period of time is called?
Annuities are generally purchased through an insurance company. People who purchase annuities can receive payments in the future from their annuity.
