Sentences with phrase «remove a named insured»

When you start adding people as named insureds, you run into trouble when one moves out eventually because you can't remove a named insured.

Do be aware that it's somewhere between difficult and impossible to remove a named insured.

Since you can't remove a named insured, if you have renters insurance with 4 roommates and one of them moves, you'll have a problem tracking them down to get them to sign the check.

It's even more problematic to have additional named insureds when, in many cases, it's impossible to remove a named insured from a policy.

Not exact matches

Once that occurs and both parties are covered separately, the primary policyholder will remove the second named insured from the original policy.

Because it's very difficult to remove an additional named insured from the policy, and you don't want that huge claim check coming with your ex-girlfriend's name on it!

If you're added as a named insured, see above for the difficulty in later removing someone from a policy.

You can never, ever remove an additional named insured from a policy.

You can not remove an additional named insured or coapplicant, and the check for a claim would come in both names.

If you go that route, however, remember that it's difficult to remove an additional named insured should the need arise.

You can add her to your policy as an additional named insured, but that's a serious commitment — named insureds can't be removed, ever.

Claims checks would be made out to both of you, and you generally can not remove an additional named insured from the policy.

It also can be problematic when you change roommates, because a named insured can not be removed from the policy.

Once that occurs and both parties are covered separately, the primary policyholder will remove the second named insured from the original policy.

In some cases, the naming of a beneficiary is irrevocable, meaning the policyholder can not remove or replace the beneficiary with another entity or reduce the potential benefits the irrevocable beneficiary receives upon the insured's expiry without the beneficiary's express written consent.

Naming an irrevocable beneficiary removes the policy from the estate of the insured, who thereby gives up incidences of ownership for estate tax purposes.

If you go that route, however, remember that it's difficult to remove an additional named insured should the need arise.

You can never, ever remove an additional named insured from a policy.

You can not remove an additional named insured or coapplicant, and the check for a claim would come in both names.

You can add her to your policy as an additional named insured, but that's a serious commitment — named insureds can't be removed, ever.

Claims checks would be made out to both of you, and you generally can not remove an additional named insured from the policy.