viking, kemper
A Broad Form covers the named insured to drive any owned or non owned vehicles (subject to restrictions). For liability insurance, be it one or twenty cars - it's the same price.
Equitable Life Insurance is an insurance company that has been around for a very long time but for your information they are still around and one of the largest life insurance carriers in the world.
Yes, if she has not been previously excluded in writing. If she is going to be a regular operator of the vehicle then she needs to be listed as an operator on the policy. An automobile insurance policy coveres named insured, family and anyone who with PERMISSION drives the vehicle.
"Insure your license" means to purchase an automobile insurance policy that is known as a Broad Form Named Operator, or BFNO for short. It provides liability auto insurance for all owned and non-owned autos and light trucks, but only while being operated by the person named in the policy. With this type of an insurance policy, you can drive any number of autos or light trucks, but you have to be the person behind the wheel if there is an accident. A great tool for people that own several cars and are the only drivers. Craig / Allrisk Insurance / Vancouver, WA www.allrisk.com
Broad Form auto coverage is as close as you can get to having no coverage at all. You cannot add physical damage coverage to your policy so you cannot buy this is you have a car financed. The coverage is for the named insured only and every other human on the planet is excluded. If anyone else drives there is no coverage. This is not anything that I as an insurance agent could ever recommend to someone.
Probably, some companies only require that you have care custody and control of the vehicle in order to be the named insured. Other companies require that you be the registered owner. The problem that arises is that the finance company usually wants to have the evidence of insurance be in the name of the person responsible for the loan. If you are the named insured but not the name on the loan then the loan company may require that the person on the loan also be on the insurance policy as a named insured. The best way to do this is to have the person that owns the car get the insurance and list you the driver as the principle operator.
You have to be either named or you have to fit the definition of a named insured on the policy.
That all depends on the insurance carrier. There are many non-standard carriers that will insure a vehicle even if it's not the owned by the named insured. Ask your insurer if they offer this service.
No, the insurance money goes to the beneficiary named in the policy. If the beneficiary is not named, or the estate is named, it will go into probate.
If no beneficiaries are named on a life insurance policy, or all named beneficiaries are deceased, then benefits will be paid to the insured's estate.
Probably, some companies only require that you have care custody and control of the vehicle in order to be the named insured. Other companies require that you be the registered owner. The problem that arises is that the finance company usually wants to have the evidence of insurance be in the name of the person responsible for the loan. If you are the named insured but not the name on the loan then the loan company may require that the person on the loan also be on the insurance policy as a named insured. The best way to do this is to have the person that owns the car get the insurance and list you the driver as the principle operator.
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