Insurance Questions and Answers

I have lic policy number of LIC Market Plus (Plan 181)...how to much units i have ??




Answers: That only LIC know. Go to LIC office with Policy no. & tell them your policy no.
Hi
PLS Go to LIC office with UR Policy/Number & contact the Help DESK. They will help U surely & inform U how many units have been allotted 2 U.

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I am married and living out of my parents' state, can I still be lower than their auto insurance policy?

The car is registered contained by their (my parents) name near me as the main driver, but our agent is recounting us that I should get my own separate insurance. Do I requirement to do this, or can I still be covered through their policy that I am on now?


Answers: Your parents necessitate to change the sports car title to your name, if they haven't already. If they are not on the title, they are not lawfully liable for the vehicle, and if a claim would occur, the insurance company could deny the claim due to them not person legally liable. In rider to that, you have withheld information nearly a material certainty which is the garaging address of the vehicle (in a different state) and the driver information (I imagine your spouse is not nominated on the policy either.)

If the company finds out adjectives of this information (which they will in time) they will probably distribute out a cancellation or non renewal on your parents policy due to the reality that the vehicle is not in the state surrounded by which it is registered and insured, and due to the fact that you are married very soon and they would want your wife's information, along with any other household member information.

You should definitely recount your parents to take the title and receive it switched into your name, and return with your own policy.

Also, if your parents are still on the title, they will remain legally liable for the vehicle and if an happenstance occurs, they can be sued. If you are married, why would you want them to remain officially liable for you? Get them to switch the title soon!
Well, you are a listed driver. The motor is theirs. Likely, you're going to have issues when you try to renew the plates on that coup¨¦.

The coverage for a named insured is much more broad than a "tabled driver". For example, as a listed driver, their policy will NOT pass over to cover you in any saloon you drive - like conceivably your wife's. That would really stink, if you hit someone and got sued - beside no coverage.

I can't believe your wife isn't having a cow. Part of growing up and getting married and have your own household, is having your own motor and your own insurance.

It's time. Get your own car, receive your own insurance. So at least you won't return with tickets for not having the right tag on the car contained by a different state.

What are the types of insurance and its functions?




Answers: Seems like a question you could G00GLE and find an answer for in a second.
In general, insurance offsets financial risk of loss. You can insure just about anything where the risk of loss can be predicted, and someone is willing to pay the premium to someone willing to take that risk.
Basic Types:
Health
Life
Diability
Work Comp.
Fire
Property
Liability
Auto
Ocean Marine

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