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What happens if you find additional insurance policies where beneficary listed is absolutely excluded in trust?
In order to find a trust with life insurance proceeds the trust must be named as the beneficiary of the insurance policy. Then the trust documents specify what the funds are used for that are in the trust. If there are other life insurance policies that are still active and have other individuals named as the beneficiaries then the money from those policies cannot be placed into the trust and will be paid directly to the current beneficiary listed with the insurance company. The trust will have no claim whatsoever on these policies. It could be that these policies had their beneficiary changed when the trust was set up and the trust is the current beneficiary of them as well and he just didn't put the change form in the policy. Whatever is on record with the insurance company will be the person that the benefits are paid to no matter what.
What else can I help you with?
What is a risk specifically excluded from a homeowners insurance policy?
If you take a look at the "Exclusions" section of your policy you will see several perils which are specifically excluded. For example, if your home is damaged by "war" then your insurance company will not provide coverage for the loss. There are several excluded perils. Take a look at your policy for more examples.
Is the insurance company not liable for a house if they have already cut you a check for repairs and the work caused more extensive damages to make it not livable and has to be destroyed?
if the workers caused damaged it is a separate claim - a vast majority of policies have exclusions for fault, inadequate or defective workmanship and materials - hopefully you hired contractors with liability insurance in the event their actions are excluded by your homeowner's policy
Is renters insurance required if you do not pay rent?
The insurance company doesn't really care if you pay rent or not,they only care about what sort of policy coverage is on the property.So the answer to the question is "it depends".If you're not paying rent because you're living in your parents' basement, then there's a good likelihood that they have insurance that covers the contents as well as the dwelling itself. Check the policy to be sure, and also make sure that your property is not the sort that's typically excluded from coverage (for example, jewelry may not be covered under a standard policy).If the property owner only has the dwelling itself insured (which may be the case if it's a property someone is letting you live in rent-free as opposed to them allowing you to live in their personal home), then your stuff is not covered; if it burns up, too bad for you, unless you have renters' insurance.
You discovered that the wall behind your stucco has rotted out due to inproperly installed flashing by the builder who is no longer in business your insurance company says they will not cover this?
That would be correct in most all cases. Depends on the policy form and what state your home is in, but it would be very rare for this sort of incident to be something a homeowners policy would cover. Your homeowners policy is designed to cover common external casations, like fire, windstorm, etc. Wet rot is a commonly excluded condition under homeowners policies. This type of thing is what is generally considered to be homeowner maintenance. Remember that you insurance policy is not a maintenance contract. You could still have a cause of legal action against the builder (if an individual person(s)) that you can locate and the statute of limitations in your state does not interfere. It does not really matter whether this fellow is still in the business of building houses, he can still be held liable.
What are nine products excluded from vat to help the poor?
In many countries, products excluded from VAT to aid the poor typically include essential items such as basic foodstuffs (like bread, rice, and milk), medicines and medical supplies, children's clothing, public transportation services, and books. Other common exemptions may encompass utilities like water and electricity, as well as certain educational services. These exclusions aim to reduce the financial burden on low-income households and ensure access to basic necessities. The specific list of exempt products can vary by country and jurisdiction.
Husband has accident with my car and he's on the insurance exclusion list?
When ever a driver is excluded on a policy, the insurance company will not pay out on any claims when that person is driving. Hes excluded, he has absolutely no coverage with your insurance. If he has his own policy with a different company, he will be covered. So in general when a driver is excluded, their is no insurance coverage. Its like he was driving without insurance.
What is an excluded driver in Florida?
an excluded driver is someone who IS on the policy but does not drive very often so they are excluded from driving. Alot of parents do this for their kids in college. They show up as having insurance because they are on the policy, but the parents dont get charged an arm and a leg for having them on the policyThat's WrongAn Excluded Driver is SPECIFICALLY NOT on the policy and there is NO INSURANCE if he is driving when involved in an accident. If a member of your family is named as an excluded driver, do not let them drive! In Florida, auto insurance consumers are allowed to "exclude" certain drivers from coverage under their insurance policy. This usually results in a lower premium. It also facilitates purchasing insurance as many insurers will not accept certain types of drivers. The purchaser ("insured") completes a form stating that they wish to exclude a certain driver(s) [sometimes this is part of the application for insurance and sometimes by a separate document] and the insurance company issues an insurance endorsement (additional form to the policy) that states, in essence, we do not provide coverage for the excluded driver. In Florida, an insurer cannot deny coverage for PIP or Property Damage up to $10,000 even if the driver is excluded as these are mandatory coverages.
What does it mean when someone is excluded from an auto insurance policy?
By excluding a person from an auto insurance policy, you are stating that the "excluded" person will not drive the insured vehicle, and that you understand that the "excluded" person is not covered by your insurance in the case of any traffic violation (accident, ticket, etc.). It means there is no coverage available to the excluded person in the case of an accident while driving the said vehicle. There will be NO COVERAGE.
Is it possible to purchase additional homeowners insurance to cover foundation and related repairs?
Home policies include this coverage. These are necessary repairs for a large or total loss. I never have known for this to be excluded.
What does excluded driver mean on policy?
One of my family members was hit by a driver who carried insurance but was an "excluded" driver on the policy of the car she was driving. After talking to the other person's insurance company, an excluded driver is essentially equivalent to an uninsured motorist. That means that his/her insurance company will not represent them and that, if they are liable for the accident, your insurance company can go after them personally for the damages.
Can someone be specifically excluded on your car insurance policy?
yes
What does the proclamation mean for enslaved people in the border states?
Absolutely nothing. They were excluded.
How do you get homeowners insurance to pay for mold damage?
Mold is usually excluded from coverage. Read your policy; if same is not excluded, it is included.
Can you drive a car if you are a excluded driver but you have your own insurance policy on a different car?
If you are excluded as a driver on a policy that means that no coverage for any type of claim will be paid on any vehicles on that policy. It also means that the insurance company will not pay for anyone else's damages caused by the excluded driver. Excluded mean no coverage at all.
Can a co-owner of a vehicle be excluded from an auto insurance policy?
Yes they can.
What is a risk specifically excluded from a homeowners insurance policy?
If you take a look at the "Exclusions" section of your policy you will see several perils which are specifically excluded. For example, if your home is damaged by "war" then your insurance company will not provide coverage for the loss. There are several excluded perils. Take a look at your policy for more examples.
Does renters insurance protect contents against flood damage?
Flood is excluded
