If the vehicle is insured and you do not ever drive it you wouldn't be required to be listed on the policy as a driver. Most companys though may want all 'owners' listed, for numerous reasons.
A cosigner is only responsible for the items that he has cosigned for.
A cosigner cannot be removed from the debt obligation except by a refinancing of the loan without the original cosigner's participation.
Yes, a cosigner of an apartment can potentially sue the individuals they cosigned for if they were evicted and left with unpaid rent and fees. However, the success of the lawsuit would depend on the terms of the cosigner agreement, state laws, and individual circumstances. It is recommended to consult with a lawyer to understand the specific legal options and remedies available.
No. Y-THINK-Y * Ordinarily a cosigner would not be liable for anything other than the lending agreement. However, responsibilities incurred by all parties when a vehicle is under lease can be quite different than the purchasing a vehicle. It would be prudent for the cosigner to read the leasing contract very carefully and perhaps seek legal advice if they are unsure of the terms of the contract.
Uninsured Motorist coverage
Uninsured motorist coverage provides insurance coverage when you are hit by a person who has no insurance coverage. You uninsured motorist coverage will take the place of the insurance that the other person did not have and will cover your damages just like theirs should have if they had it. The only difference is that you will have a small deductible for property damage coverage.
MEGA is a unique life and health insurance company. They offer many different types of insurance including ambulance coverage, inpatient and outpatient coverage, and preventative care coverage.
Progressive does offer car insurance coverage for classic automobiles. Other companies may or may not offer the coverage depending on their available policies and coverage.
None. A cosigner is entering into a legally binding contract to repay the debt if the primary borrower defaults on the lending agreement. The cosigner does not have any other obligation nor ownership rights to the property.
"Business interruption insurance can be purchased by itself, but for optimal coverage, it is usually used to supplement Property insurance or other types of coverage."
Home insurance, also commonly called hazard insurance or homeowners insurance (often ... or loss of other personal possessions of the homeowner, ... 1.1 History; 1.2 Types of policies; 1.3 Coverage rates; 1.4 Classes of coverage ... HO2 – Broad Homeowner Policy: A more advanced form that provides coverage on a home
Yes, according to their website they do offer motorcycle insurance along with many other forms of coverage.