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If the insurer finds out, then the policy will not be honored and all your years of premiums will be wasted. It's probably best to come clean if there's any risk of the lie being discovered; if the coverage is canceled, you can get new coverage and be honest on the policy.
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If a son who was on car insurance policy now lives somewhere else but drives second vehicle what is best way to handle insurance?
The answer lies in the titleholder of the vehicle. If you are still the titleholder, then you will need to have the car under your policy and have him listed as a driver. If he is the titleholder, he will need to insurance the car under his policy. If that vehicle injure someone or cause damage to someone's property, the other party will sue the titleholder. If you are both titleholder, then I would suggest you sign the titleholder to him.
Is premium cost the value of insurance policy?
No. The premium is your consideration (monetarily) for coverage that the insurer provides. Your value lies within your policy limits as stated on the declarations page of your policy.
What is the difference between an EL policy and a WC policy?
Employers' Liability and Workers' Compensation are both insurance policies. In an EL policy, the fault lies on the employer, such as negligence on the part of the company. In a WC policy, coverage exists irrespective of who was at fault.
What are the laws in Georgia about collecting on life insurance policy after an overdose?
The real answer lies in what the specific Life Insurance Policy states. Various states have some requirements about "suicide" deaths and how long or short of period of years a policy may be in force before suicide is a covered cause of death. If Georgia has no such law, the policy language will govern whether an OD death is covered. Read you policy.
What happens if someone lies about you abusing drugs in the military... Does an investigation get started... What happens when they investigate?
If you're not using drugs, the investigation will find that out. Why are you worried?
What happens if someone lies about you during your security clearance investigation?
You can sue them for deformation of character. It is also another crime.
The responsibility for impeaching someone lies with?
The responsibility for impeaching someone lies with the Hourse of Representatives. The responsibility for trying the offense lies with the Senate.
What area of public policy lies exclusively with state and local governments?
Education Policy
What area of public policy lies exclusively with the federal government?
foreign policy
Is asset life insurance?
I believe you're asking if life insurance is considered an asset and I would say yes. Generally speaking there are cash value type life insurance policies and term life insurance policies that tend to not have a cash value. Cash value policies; whole life insurance, universal life insurance, etc. have a quantifiable value to them considered to be equivalent to the cash surrender value if not more. This would be considered an asset in most instances. Although most term life policies do not carry a cash surrender value, you could potentially think of it as an asset as someone may be willing to purchase that policy from you. If you were to consider selling your life insurance, someone like a viatical company or life settlement company will likely pay you for it. The difficulty lies within valuing certain types of policies due to stricter IRS definitions, an ever changing life insurance industry, and more regulations. The value of a particular life insurance policy really depends on who is asking and what type of policy you hold. The value may be calculated differently for example if a policy is being given to a charity or if it being accounted for for Medicaid purposes.. "Is asset life insurance?" I would say yes to that question more times than no.
What do you do when a home insurance adjuster lies to the insurance company by stating there is rotted wood and then they cancel you?
It may be a good idea to hire your own home inspector to do a good thorough inspection of your home inside and out. It's best to know exactly where you stand with the condition of your home. You may then wish to reapply for your home insurance policy either through the same or a different Insurance Company.
What do you do when someone lies to you?
confront them about it
