I crashed my cousins car my license is suspended will his insurance cover this?
Nope. If you were driving with a suspended license, you were driving illegally, and no insurance policy is going to pay for someone else driving your car illegally. Plus you're an idiot for driving with a suspended license.
Is it stupid not to carry health insurance?
My husband's cousin was a tall, handsome young man of 20 who played a mean game of basketball. He was in finals week at college when he started feeling bad. Stumbling, then falling. He thought he was just tired and stressed from late nights working on finals prep.He didn't finish the finals week. He developed an extreme case of multiple sclerosis that nearly killed him. He hasn't been able to walk since. Thankfully the cousin had wealthy parents who were able to carry his insurance and medical needs. Not everyone can do that. Get insured and stayed insured.A bit of free advice: if there's any way you can wring the dollars out, insure your kids asap, both with health and life insurance. Life insurance, you say? Why life insurance for kids?My brother drowned at age 5. My cousin's son had leukemia at age 3. Another cousin was killed in a car accident at age 16. Accidents happen, and they're costly.Funerals can be pricey, time off work hits the paycheck, there may be left over medical bills… and if a child is insured from birth, he'll always be able to have that valuable asset, a life insurance policy, something my cousin's son never will be able to have.
Is it wise to buy life insurance online?
Yes!If the choice is not purchasing life insurance at all versus buying it online, by all means.There are numerous online tools that will help you determine your life insurance need and placing life insurance coverage online.That’s not to say that a knowledgable agent doesn’t bring value. Quite the contrary. Most people would not have insight nor interest in wading through all the nuances of the many life insurance products, features and benefits.But some folks are predisposed to avoid an insurance agent. Should they choose not to purchase using an agent, it is better that they put something in place through an online channel.Best first step? Determine your true life insurance need.One of the best online life insurance needs calculators available is located on:Calculate Your Needs | Life HappensThe LifeHappens .org site is funded by both insurance companies and life insurance agents. If interested, it includes a locator for insurance professionals in your area with expertise in this complex line of business:Find Coverage | Life HappensIs it wise to buy life insurance online?Yes. Assuming that is the only channel you would do business through.Otherwise, seeking the advice of a local professional to help you wade through the myriad of choices and options in life insurance would be a major benefit to most consumers!Thanks for the A2A.
How much do owners of an Allstate or Farmers insurance franchise make?
The mature franchise derives gross income primarily from renewal commission and the commission of current raw new sales. There may be additional ‘bonus’ money if you continue to sell product lines that the company is trying to focus on. So there is not one specific amount or figure that will fulfill your specific request .It takes about 7 years to get up to speed in a community.In a town of 35000 in the Midwest, an agency that has renewals for 1500 autos, 750 homes, 200 life products may generate $200,000 gross. From that 200 gross , you will need to subtract your expenses , maybe 50% of gross.Variables are the cost of insurance in your local, expenses locally, marketing costs and the cost of living for you.
What are the most important features of an auto insurance policy?
Auto insurance policy provides you financial protection against unwanted expenses that may occur related to your car. There are two types of car insurance as follows:Comprehensive car insurance provides you cover when your car is damaged. It not only covers your car but also covers you against accidents while driving. Comprehensive car insurance also takes care of third party damages that are caused by your vehicle. So it is a good option that you can consider while buying a car insurance.Third party liability car insurance provides you cover when you accidentally damage a third party vehicle or any harm caused to the third party rider/driver as well. Also a point to note is that it is mandatory to have a third party insurance by law. The main drawback of having a third party insurance alone is that it does not cover the damages that you or your vehicle comes across. You yourself will have to deal with situations if such a scenario occurs.Main features of an auto insurance policy is its coverage, cashless garages, etc.The auto insurance policy covers damage or loss to the car due to:AccidentFireLighteningSelf-IgnitionExplosionTheftRiot & Strikes and / or Malicious ActsTerrorismEarthquakeFloodCycloneInundationTransit by Rail, Road, Air and Elevator.
In a fatal accident who end up paying insurance claim?
One of my cousin was in fatal accident and he crash into side of road. He didn't had any insurance at the day of accident. He passed away. Now city send a bill for the damage. The car was In his name. He was unmarried. So who is paying that bill?
Who pays the car loan if the borrower dies?
It would depend where the security for the loan lies.If it was a personal loan, then the residual amount owing would come from the deceased’s estate. If it was a ‘hire purchase’ deal, then the vehicle would be re-possessed by the lender, sold at auction and any residual paid to the deceased’s executor. If the loan was secured by way of a guarantor, then the guarantor would be liable to pay the amount owing.