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It is up to the policy holder. When I had to stay with my aunt for a long time we kept my insurance in my state of origin. It works too when you have a child in college and you are in another state. Contact insurance agent or insurance company to verify.
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If insurance policy states one beeficary what happens with multiple people on a will?
Benefits paid from an insurance policy are separate from property that is left in a will. With an insurance policy, it is paid to the named beneficiary. That is not controlled by the wording of a will.
Can you have more than one car insurance policy on two cars in different states?
No.
What states are covered with Erie insurance?
Erie insurance is provided along with other different insurance that people can choose from. You just have to figure out if Erie insurance is provided in your area. Their policy locations extend in 11 states in the District of Columbia, from New York to North Carolina, and from Wisconsin to Tennessee.
Does a homeowners insurance policy have to have the name of the current owners on the policy?
Yes, of course. The current owners on the policy have to pay for the insurance policy, This is why this policy states that it is a homeowners policy.
What is a condo insurance expiration date?
Your insurance policy clearly states its date of expiry.
Can i have a car and title under my name and be added to my fiance's insurance policy without the car legally becoming his?
yes, the insurance policy is different from the car title (title is government, insurance is business) in most states, if you live together, you are both required to be insured on the car.
Is there a limited time to file a stolen vehicle report to insurance when a police report has been filed?
You need to read your insurance policy. Different states have different requirements for such notification. You would need to do it quickly though.
Are rental homes protected under homeowners insurance policies?
No. In the united States, Homeowners Insurance polices are Null and Void at the moment your home is rented unless you have had the policy endorsed for rental property coverage. This is often referred to as "Landlords Insurance" and requires a different policy form known a "Dwelling Policy". Most Insurers will simply cancel the old Homeowners policy and issue a new "Dwelling Policy" form to cover you as this is the appropriate policy form. Your landlord's insurance policy, or "Dwelling Policy" will cover your rented home. It is certainly possible to have property and liability insurance on a rented property but not on a traditional homeowners Insurance policy form.
What is incontestable period in life insurance?
The Incontestable Clause in a life insurance policy states that after the policy is In Force two years, the insurance company cannot void it because of misrepresentation or concealment by the insured in obtaining the policy.
Legally does the life insurance carrier have to notify someone who is named as an executor of a life insurance policy if they are different than the beneficiary or spouse?
Although there is no legal requirement in some states, an insurance company will answer questions from the executor of an estate, owner of the policy, or whoever had power of attorney over the policy at the time of the insured's death. The beneficiary has no right to any information on a policy until a claim is to be paid to them.
Who regulates the Standard life insurance policy?
The standard life insurance policy wording is requlated by the various stae insurance departments. Basically, the standard life insurance policy covers death by any cause at any time in any place. Death by suicide within the first 2 policy years is an exclusion in most states, 1 year in some states.
What if you are not in your Fathers will but am a beneficiary of a life insurance policy?
Then you will receive whatever the life insurance policy states. These are two separate issues / documents and have nothing to do with each other.
