As long as she has her own policy on her own, it would not affect your insurance in the sense of premium or the need to have her insured on your policy. However, most auto insurance company want to have her listed as a driver in the household since she lives with you. The policy actually follow the vehicle and not the driver. If she was to drive this vehicle and get into an accident, your policy would be the primary and her policy would be secondary.
The purchaser of an insurance policy names the beneficiary.
Is your licensed daughter an adult that is living elsewhere? If so then yes. If your daughter is a youthful operator that you are not listing on the policy to avoid paying extra premium then you may be guilty of insurance fraud in the form of premium evasion of an undisclosed youthful operator.
No. As there is no insurable interest between brother & sister it is not possible to take a policy on an adult brother by his sister.
No, they are not old enough to sign a contract such as an insurance policy. They will require an adult to obtain the policy for them.
This is a question best answered by your insurance agent or a call to your insurance company's 800 customer service phoneline.A bit more:Unless the insurance regulations have changed since I was a licensed auto and homeowners insurance agent: If your child is of legal adult age and not living with you, then no, you don't add him to your policy. Actually, many insurance companies wouldn't allow you to include an adult child (or any other adult) who does not live with you to your auto insurance policy.
If your parents took out a life insurance policy and paid for it, the policy belongs to them and even if you are the person whose life is insured, that does not give you rights over that policy. I am not entirely sure why your parents would feel the need to have life insurance for their adult progeny, but possibly they are concerned that if you were to suffer a tragic premature death, they would be stuck with funeral expenses that they could not afford to pay unless they had an insurance policy to help them.
In general, you need to be an adult, since an insurance policy is a contract- and a minor cannot make a contract. In the RARE case of an "emancipated minor", you might, In most cases, you will need to be 18. You may be carried as an additional driver on an adult's policy. Check with your insurance agent.
No. Any drivers must be listed on your auto policy. If she is an adult without a bad driving record, your rates will probably not change at all. The second issue is where does she live? You must notify your insurance company to add the daughter as a driver and you must also give the insurance company the address where she lives and where the vehicle will be parked. These two items are important factors for rating the auto insurance properly and are required in your policy. As a matter of full disclosure, I own and operate a small Independent Insurance Company in Central Georgia and have for the past 22 years. Prior to that I worked as an agent for a direct writer of insurance for 3 years.
If your daughter is over 18, she's considered an adult and financially responsible for herself, assuming she's not a full-time student, not living a home and she's not on your insurance policy. The hospital will attempt to collect the debt from her.
It depends, but the terms are NOT interchangeable. The guarantor is the person or entity financially responsible for the bill. The subscriber is the person who carries the insurance. Example of when they are the same person: An adult carries their own insurance policy (subscriber). They are also financially responsible to pay the charges they incur for the doctor's visit (guarantor). Charges include non-covered services or share of cost such the deductible, copay, or co-insurance. Example of when they are a different person: Adult 1 (father) carries a family insurance policy (subscriber). Adult 2 (son, a college student) is covered under Adult 1's policy. Adult 2 is responsible for their share of cost (such as copays and coinsurance or anything that isn't covered under the insurance policy).
A life insurance policy is a legal contract and is binding. Therefor unless there is fraud, there is nothing to contest.
It depends on the wording of the policy, but if the policy was a family policy it would not normally cover adult children (normally those 18 or over would be adult) and thus it is unlikely that a 19year old would be covered. The 19year old would need separate health insurance cover of his/her own.