Is life insurance mandatory?
No. Not unless you have been instructed by a court order to have life insurance in place (i.e. for your dependents)
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Yes it is, liability will be required, or a bond must be issued to you in lieu of an insurance policy. You'll have to check with your department of motor vehicles where you register the boat. You do have to have a title and registration for boat and trailer because of them being on the roads. If y…ou find that you need an insurance policy you can get a quote from United Marine Underwriters. They are one of the largest companies providing boat, and personal watercraft insurance. (MORE)
Answer . Georgia does not require boat insurance. Its not required by law, in most states. You'll have to check with your department of motor vehicles where you register the boat. You do have to have a title and registration for boat and trailer because of them being on the roads. If you find th…at you need an insurance policy you can get a quote (MORE)
Insurance becomes mandatory in Michigan if the boat is equipped with a 50 horsepower and above engine.
Because insurance laws and costs vary state to state, you should call your agent. Its not required by law, in most states. You'll have to check with your department of motor vehicles where you register the boat. You do have to have a title and registration for boat and trailer because of them bein…g on the roads. If you find that you need an insurance policy you can get a quote (MORE)
Boat insurance is not mandatory in California. However, your are still responsible for bodily injury and property damage caused by your actions.
Usually you have to have insurance if you're craft can go around 40MPH, the exact speed is varies state to state. If you do any charter boating, then you must have insurance (because it's a business). What will probably get you more than anything is that most Marinas require you to have liability. T…he easiest way to get more exact information would be to contact a boat insurance specialist, which you can search for on Google (I'd recommend United Marine Underwriters). But more importantly I highly recommend getting boat insurance whether Texas requires it or not. Way too many things can happen to your boat, from weather to an accident, to someone one your boat injuring themselves, and you don't want that on your head. Good Luck and hope you're out on the water soon!. Call and ask an agent! (MORE)
Answer . \nYes, it can be included in the lease. It will only cost you less than $250/year depending on the amount of coverage and protects both your personal property and your liability. Plus, if the building burns down or some other loss, pays for you new place to live and other inconvenienc…es. The real question is, why fight it? why would you not buy coverage required or not? 4lifeguild (MORE)
\n. \n Different Views \n. \nNo matter how you look at it - from either side - an accident, even without an injury can make your life miserable.\n. \nIf you're struck by an uninsured driver, you will be 100% on your own for repairs, los of use and any medical charges. You could always sue, b…ut if the person who hit you is broke, it would be like trying to squeeze blood from a turnip.\n. \nIf you're the uninsured driver and damage someone else's car - the cost of repairs can be crippling.\n. \nInsurance is a good idea no matter what.\n. \n . The above answer basically says that auto insurance should be mandatory because it is good for us and the alternative leads to misery, but\n A lot of decisions we all make can result in misery. Eating too much or too little can make our lives miserable. Same for not getting enough exercise, smoking or\nor consuming too much alcohol or medications, but generally, there is no mandate against partaking in any of these activities, other than some age limitations.\nNot making wise financial decisions can have equally miserable results and operating an uninsured vehicle is basically a financial decision. It is certain that insuring\nyour vehicle is a "good idea" but the question is: Why should it be mandatory, especially when all auto Insurance companies offer policies to cover accident losses\ninvolving Uninsured Motorists?\n. \n . While having insurance is a wise choice, I agree with the second viewpoint. When you get right down to it, who is mandatory insurance benefitting the most? That's right: the already rich and powerful insurance companies. On the other hand, who is mandatory insurance hurting the most? Right again: the poor who either struggle to pay for it or simply don't have insurance because they genuinely can not squeeze the cost out of their budgets. While I stress that I believe having auto insurance is a wise choice and that it is best to have it if you are going to drive, doesn't the government already mandate our lives enough? Having insurance should be an individual choice. (MORE)
'financial responsibility'' is required in all states, meaning you'd better have enough money to pay for any and all claims you are deemed negligent or liable for should one arrise (to the injured party)..this is why most folks carry insurance, we don't have this much money setting around....all sta…te have min.of the amount of liabilty ins we must carry or money in reserve, in the state i live in (MO) it is (i believe haven't checked this in many years) 10k for property damage, 25k/50k for bodily injury and uninsured motorist respectively...so if i don't want to carry insurance i'd better have 110k in the bank just for that reason only....and of course min. limits do not mean that a claim/accident cannot go over that amount and then the injured party come to you personally for the rest.......i'd get the insurance......:) (MORE)
Insurance . There would be no point to that. To answer: No, obviously why would you need insurance if you don't drive a car?
Answer . Depending on the state, it can mean the rest of your life behind bars.
Financial Responsibility is required in all U.S. states when operating a motor vehicle on public roads. California Car Insurance Mandatory Requirements Financial responsibility is required on any vehicle operated or parked on California roadways. You must carry evidence of financial responsibili…ty in your vehicle at all times and must be provided as specified below: â¢ When requested by law enforcement. â¢ When renewing vehicle registration. â¢ When the vehicle is involved in a traffic collision. (MORE)
As of June 30, 2009 the answer is no, and there is no credible effort underway to make insurance for boating mandatory. Registration and compliance with all other Tennessee Wildlife Resource Agency regulations are required.
No, it's not mandatory However, it is highly recommended. I got it three weeks before a fire and saved my self around ten thousand dollars. You can't beat that, plus it's only like twenty dollars a month!
NFPA 13 only applies to specific types of occupancies and the requirements for enforcement would depend upon the "authority having jurisdiction", local ordinances, and state fire codes. Compliance with such codes is frequently a pre-requisite for obtaining insurance. On the other hand, other faci…lities may have different requirements (e.g., NFPA 13D or NFPA 13R), or the code may modify the NFPA 13 or NFPA 25 requirements (e.g., NFPA 101 chapter 33 modifications for NFPA 13R in "existing residential board and care facilities"). Your local fire marshal and insurance company will help you with specific requirements. (MORE)
if you a financing a boat and it is used as collatoral you must have insurance. if there are no leins against the boat, insurance is not mandatory.
Yes. You mustang show proof of liability insurance for all boats with motors over 50 horsepower in order to obtain your arkansas boat registration.
Every state but Wisconsin and Tennessee, both states have bills that would require insurance in 2009
No state requires boat owners to have insurance on a pleasure boat. If you have a loan using the boat as collateral, the bank will usually require insurance coverage on the boat. They will also require to be listed as a loss payee which protects their interest in the event of loss to the boat. Some …marinas will require the boat owner to carry liability insurance and the marina may also require they be named as an additional insured. (MORE)
No. It's not like everyone owns a boat there. Not many people own boats unless they have like a yacht or something.
If your home is financed it is mandated by the terms of your mortgage contract. Failure to maintain the insurance required by your mortgage company is ground for Mortgage Default but it is not mandated by law. So if your home is paid off free and clear then it is just up to the homeowner if they wan…t it or not.. (MORE)
I am unsure what a Yellow insurance card is. As a Canadian motorist I must have my vehicle insured and have proof of insurance in the car. The paper is pink.
Disability insurance is mandatory in five states: California, Hawaii, New Jersey, New York, and Rhode Island.
Wisconsin is a unique state in terms of mandatory auto insurance laws. Residents and registered vehicle owners must comply with the states financial responsibility laws. While there are stipulations that allow drivers to drive without auto insurance, one of the requirements must be met to satisfy th…e state mandated laws. Drivers have the option of either purchasing liability auto insurance or posting a $60,000 cash deposit with the Department of Transportation. While some have $60,000 lying around, most do not prefer to place a deposit and would rather invest in auto insurance. Wisconsin requires drivers to carry no less than $25,000 per person for injuries and $50,000 for death in terms of liability coverage. Drivers will also need to provide proof of $10,000 of property damage coverage. If you fail to have a deposit posted or auto insurance continuously, you could face license suspension, registration suspension, fines, and time in jail. (MORE)
No. Source: I am an insurance broker and work in the marine department at my brokerage.
Automobile liability insurance is mandated by state law in most states. In New Hampshire, however, it is not required.
No, but it makes sense to buy renter's insurance since it is so cheap and can help you replace your goods if they are ever stolen or damaged.
NJ has state mandated short term disability insurance for workers of private companies. Public employees are exempt from the mandate, but can buy coverage should the group choose the option.
No, it's not mandatory. The IRS is allowing employers to deduct the costs of providing Group Life Insurance, up to $50,000 per individual, and construing this benefit as non-taxable to the employees. Group Life insurance is non-portable, you can't take it with you, and ceases when you leave your wor…kplace. (MORE)
Of course not. that idea goes against every principal that this country was built on.
In Missouri, boat insurance is only mandatory if you have a loan on your vessel.
It was usually made mandatory to keep people from hurting peoples property or themselves and not being able to pay them for their loss.
Driving is considered a privilege and not a right. Because it is a privilege drivers are required to prove they are financially responsible. Mandatory auto insurance is proof that drivers are financially responsible to cover damages or injuries in the event of an accident. Because most drivers canno…t reasonably pay for the cost of repairs and medical bills they cause in an at fault accident, states require auto insurance to protect both third party drivers and the policyholder. (MORE)
Homeowner's insurance is not mandatory in the sense that a statute or regulation requires it. However, if the property is subject to a mortgage, the lender will require that the structure of the house be insured so as to protect the collateral that secures the loan.
Yes. Every car needs to be insured before it is legal to be on road. Adding additional context, unlike in the US, the insurance is for the car, not for the owner, so whoever drives the car will get the benefit.
Health insurance coverage is mandatory in Massachusetts for anyone over 18 who can find affordable insurance. Those with low income may be eligible for insurance at no cost.
It depends on the type of insurance and the state. Health insurance coverage is required in Massachusetts, for example. Meanwhile, auto insurance is required in many states, but not in New Hampshire. It varies.
Under our current United States law, it is not mandatory for individuals to carry health insurance. I don't think it's a smart idea to not have health insurance, but it's just not affordable for some people.
Not at all, but with the average cost of a wedding similar to that of a new car (Â£15,500 in the UK and $24,000 in the US) it's certainly highly advisable!
No, bike insurance is not mandatory for people to buy. The law does not require you to have insurance for your bicycle or motorcycle.
Certain forms of business insurance are mandatory and required by law. One example is worker's compensation insurance which must be carried by all businesses in all states. Other forms such as disability insurance are not required in all states so it varies by what state you live in. Most other form…s of business insurance are not mandatory but are highly recommended. (MORE)
"It is not mandatory, but it is very heavily suggested because it helps pay in the incident of an accident. You can get liability insurance or collateral."
"As of this moment no health care insurance is mandatory in the United States. Although the government is attempting to change that, but it's doubtful that it will be a law that will be seriously inforced."
Not the portion you would have to pay for. Your employer may offer free coverage though to all employees.
In fact, in some U.S. states, car insurance is not required. However, states that do require it do so to increase the general sense of liability. That is, it ensures that drivers have responsibility for their actions on the road.
In the United States, health insurance is not made mandatory by the federal government. There are, however, certain employers or educational institutions that require it. If working as a medical resident, for example, health insurance is mandated.
In Florida, auto insurance policies differ greatly from other states. The required insurance includes Property Damage Liability, Personal Protection Insurance and Personal Injury Protection. Things such as Collision and Comprehensive coverage are not mandatory in Florida.
There are several different countries in which it is mandatory to have medical travel insurance. Many countries in Europe, like Sweden, for example, require people to have medical travel insurance.
It is not mandatory, in the United States as a country,to carryauto insurance, but in most states it is a law.
Yes it is mandatory in our company. It is the best way to refund onyour damage.