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If you purchase full coverage then all the scheduled drivers are presumed to have the same protection.
Happy Motoring
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∙ 13y ago
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Can you drive a fully insured car without having your own insurance policy?
It depends on your insurance. Most insurance companies will cover all drivers even if you are not the insured driver because they have what is called permissive user. Remember typically your insurance follows you wherever you go. You may want to ask the person you are borrowing the vehicle from and see if they have all drivers coverage. If not, then you need to be a listed driver on the policy before you can drive the vehicle even if it is "fully insured". Companies like Geico, Nationwide, and Allstate typically cover all drivers....hope this helps.
In New Zealand if an uninsured drivers car is hit by an insured drivercar will the insured drivers insurance still pay for the damages to the uninsured car?
In most cases if you are fully insured then your insurance will pay for the uninsured driver's car. However if it is only a third party insurance then most likely you have no cover if it is your fault. However it depends on the insurance company and the policy that you signed.
Am I considered an uninsured motorist If I am driving my son's car which is fully insured and driving with permission but I do not have insurance and at fault in an accident?
No. The car is insured and your son's policy will provide coverage up to its policy limits.
What happens if you are insured but the car you're driving belongs to somebody else and the car is not insured?
In the UK, if you are insured fully comp for your own vehicle you are covered to drive any vehicle for third party damages, unless your policy states otherwise. Some policies allow you to drive any other vehicle fully comp. Check your policy.
Can you drive your dad's fully comprehensive insured car with his permission?
It depends how old are you and whether or not you are an insured driver under the terms of the terms of your Dad's insurance policy. Your Dad's insurance agent can tell you if you are insured to drive the vehicle.
What is a fully paid up policy?
A fully paid policy is a limited pay whole life policy under which all premium payments have been made. For example, a 20 pay policy is completely paid for after 20 payments. No future premiums have to be made, and the policy remains in full force for the life of the insured.
What will happen if a fully insured driver hit your car and you have no insurance?
You may get a ticket for no insurance. But you can still file a claim under the at fault drivers auto insurance.
When replacing a fully-covered vehicle on a policy with a new vehicle what are the industry requirements for information needed and time frame required?
Most (if all of your vehicles are insured in the same company) will give you thirty days to make the change. They will need V.I.N., lien holder information, owners names, year, make, model. Owner and drivers names, birthdates, drivers licenses numbers etc.
What happens when the owner of a life insurance policy dies?
If the owner of the policy is also the named insured, the insurer ordinarily pays the death benefit to the named beneficiary. This presumes that the policy was in force at the time of death. If the owner of the policy is not the insured, the policy becomes an asset of the estate and passes either according to the terms of the Will or, if no Will, by laws of intestate succession. The risk there, is that if the policy is not fully paid-up at that point and premiums are therefore still due, the policy may lapse at some point in the future if premiums are not paid.
What is the difference between a company that is fully insured and one that is self insured?
A company that is fully insured goes to an insurance company and buys insurance. A company that is self insured does not buy insurance and plans to pay any claims out of the companies "pockets". For instance, if you own a home but choose not to buy home insurance, you are self insured if you should have a fire.
What is a Fully Insured?
In a traditional fully insured health plan, the company that you work for pays a premium. The premium rates are fixed annually and you pay a monthly premium rate depending on how many employees are enrolled in the plan. The monthly premium will only change during the year if the number of employees change. The insurance company collects the premiums from your employer and pays the claims based on the benefits in the policy that was purchased.
How will your minor child be contacted if he was the beneficiary on his fathers life insurance?
In order to be paid, someone must notify the insurance company of the insured's death, and provide proof of death and file a proof of claim with the insurance company. If the insured did not designate a beneficiary who is an adult, proceeds will ordinarily be paid to the insured's estate, and distributed according to the terms of the Will, or of none, according to the laws of descent and distribution of the state in which the insured died. It is not the responsibility of the insurer to contact the beneficiary when the insured dies, because they are unaware of it. Assuming the that the policy was not fully paid-up, meaning that it has not matured to the point where no further premiums had to be paid, if it was a whole life policy, further premiums will be taken out of the cash value until it has been exhausted. At that point, the policy will lapse for non-payment. If it was term insurance, if one or a few premiums were unpaid, depending upon the "grace period" stated in the policy, the policy will lapse for non-payment of premium. It is crucial that anyone with life insurance ensure that beneficiaries know the identity of the insurer, policy numbers, and like information.
