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Do i get to keep any money left over from a home insurance claim check after repairs are complete?
I had all the repairs to my home done for less than the insurance company sent me a check for, the check is in both my name and the mortgage company so I have to send them the check so they can send me a check back in just my name only because I already…
→ Read MoreAs an Aunt, can I buy life insurance on my nephew?
As an aunt, you may be interested in buying life insurance for your nephew. However, whether or not you can purchase life insurance on behalf of your nephew depends on a few factors. Firstly, in order to purchase life insurance for another person, you typically need to have an “insurable interest” in that person’s life….
→ Read MoreWhat happens if the policy matures but the holder is still alive.
We have a 25K policy that just reached maturity, the age of the holder is 85. We are being told that we must take the cash value which is only $800 and the policy holder’s beneficiaries are no longer eligible for the 25K when the holder passes away. We have been paying very high premiums…
→ Read MoreIf driving a borrowed car that the owner has no insurance on, will my insurance policy keep me from getting a ticket?
While my vehicle is in the shop, a friend offered to let me borrow his truck for a day or two. The only catch is that he has no insurance. I spoke to my insurance agent and my policy will cover me if we get into an accident, but what I would like to know…
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