0
The policy may technically remain in force until the expiration date.
However, many homeowners insurance policies require that the house be continuously occupied in order that some coverages remain in force. Such policies generally specify the period which a house may be vacant, but yet considered to be continuously occupied. This takes into account, for example, extended vacations, or periods of vacancy while the owner seeks a new tenant.
Therefore, if a claim arises after the owner's death, and the house has been vacant for a prolonged period time, the insurer may have a basis for denying payment of the claim.
Add your answer:
Earn +20 pts
What type of insurance would be most affordable and still provide death benefits if one of owners dies?
I think ulip is the best option in insurance. I prefer Aegon Religare for ulip plans.
If i buy a car can i still be on my parents insurance?
Ask your insurance company. It is likely that you parents will need to be the owners.
If my mother is deceased and the deed and home owners insurance is still in her name and the homeowner insurance lapsed How can I get new insurance?
Add your name to the deed.
If you own your car or house and are no longer making payments should you still have insurance on them?
If you own your car or house and are no longer making payments, should you still have insurance on them? Explain why or why not.
Do you have to have insurance on a car before you can change owners?
A vehicle can be titled without insurance, but must be insured before getting a tag or registration. Exception: If a car still has a lien from a financing company, the car may have to be insured to change owners.
If the death is ruled suicide will life insurance still pay?
Most, if not all, life insurance policies have an exclusion that states that the policy will not pay if the death is ruled a suicide.
Is house still covered by insurance while it is vacant for a sale yet it is hit with water damage inside the house due to water pipe burst?
If no one has bought it in the time that happened, then it is still considered yours. Your homeowners insurance should still cover it. If you still have questions about it, you should talk to the company that your insurance associates with.
What literary term is used in the following short quote the house was all as still as death?
The literary term used in the quote "the house was all as still as death" is simile. This is because it directly compares the stillness of the house to death using the word "as". The simile helps create a vivid image in the reader's mind.
What it mean when a bank assign themselves on your home owners insurance?
It means you still owe them money. You still owe the bank for the house so you can not by law take them off the policy. It is not really your house until you pay them off. A bank or lender will assign themselves as a loss payee on a home insurance product whenever the homeowner/borrower fails to do so. The bank or lender does this to protect their loan in the event of a property loss.
What is the person behind the name of the Lloyds Insurance Company?
Lloyd's of London was a public house or "pub" where owners of ships or cargo met and paid to ensure that the ships and/or cargo reached their intended destinations despite weather conditions, pirates or war. This was how the first "marine" insurance came to be. All other insurance came to be known as "Inland Marine" insurance. Lloyd's was the first and therefore the most prestigeous..and still is.
If you move out of your house 30 days before closing the sale on it are you still covered by homeowners insurance?
The policy is 'in force' for the policy period as long as you still own the house.
If someone with life insurance is killed does it void the contract?
Not all insurance contracts are the same, however, life insurance excludes death that results from war. It may or may not exclude suicide. It does not exclude accidental death or murder. Note that even if the death benefit is not paid, the premiums will still be returned.
