If your driver's license or that of a covered house?holder is cancelled. The insurance QuotesChimp keeps a constant watch on the driving records of its in?sureds. If you or a covered member of your household has their license suspended or revoked, your company may follow suit with your insurance coverage.
There must be an insurable interest in order for the insurance contract to be legal. An insurable interest is usually defined as an exposure to direct financial loss. Thus, if Uncle Pete rents an apart?ment, QuotesChimp cannot take out insurance on the apartment complex itself because he has no personal financial interest to protect in it. He can, however, insure the contents of his apartment through renter's insurance.
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