0
Since life insurance policy is issued on individual life, it can be treated as personal property. However, in Keymen policy, where the premia is paid by the co. on his/her behalf,it will be the property of the co. till the policy matures and benefits paid by the insurance co. to the co. is reverted back to the keyman.
Add your answer:
Earn +20 pts
Is life insurance personal lines insurance?
No personal lines refers to personal property and casualty coverage like homeowners, renters, auto and personal umbrella coverage.
What are the insurance policies that Farmer's Insurance company offers?
Homeowners, Rental Property, Commercial Property, Commercial Auto, Personal Auto, Life, Umbrella.
Does homeowners insurance cover loss of personal property?
If you scheduled your personal property on your Homeowners Insurance Policy then it will cover. If you failed to schedule your personal property then it will not be covered.
What is covered under RBC insurance?
RBC Insurance offers both Personal and Business Insurance. Options for Personal coverage are Home & Property, Auto, Life, Health and Travel Insurance. Options for Business coverage are Life, Health (Disability), Dental, and Credit Insurance.
What forms of coverage does USAA Insurance provide?
usaa forms of coverage are auto insurance, life insurance,homeowners insurance ,renters insurance, health insurance,Valuable Personal Property Insurance,annuities.
What is the Difference of life and property insurance?
Property insurance - If your property is damaged the insurance will pay for this to be repaired. Life insurance - If you die then your estate (or the named beneficiary) gets a payout to the value of the insurance.
Personal property such as furniture or appliances are called?
These objects are considered personal property and are usually called personal property, especially for insurance purposes.
Does car insurance cover theft of personal property out of vehicle?
no Covering theft of personal property in car insurance does not arise at all. You can opt for transit or personal baggage policy coverage.
Is property insurance higher then life insurance?
yes
What does personal insurance cover?
Personal insurance can cover a wide array of things. It can cover your property, your valuables, even your best interest if you are in business. There is also personal health insurance.
Does homeowners' liability insurance cover personal injury on another property?
No, your Homeowners Insurance will not. Your Medical Insurance Will.
Does insurance cover personal property lost in a car wreck?
Depends. If you are at fault, the other insurance company has to cover property loss. Personal property loss is most likely an option (not basic coverage) on your policy.
