What is Verizon Assumption of Liability?
Verizon Assumption of Liability is a service provided by Verizon Wireless that allows customers to transfer their wireless service contracts to another person or business. This service is especially useful for individuals who want to transfer their contract to a family member, friend, or colleague.
How Does Verizon Assumption of Liability Work?
When a customer wants to transfer their wireless service contract, they can initiate the process by contacting Verizon customer service. The customer service representative will guide them through the necessary steps and provide them with the required documents to complete the transfer.
The person assuming the liability must pass a credit check and meet Verizon's eligibility requirements. Once approved, the responsibility for the contract and associated charges is transferred to the new account holder.
Benefits of Verizon Assumption of Liability
There are several benefits to using Verizon Assumption of Liability:
- Flexibility: Customers can transfer their contracts to someone else, allowing them to avoid cancellation fees and continue using Verizon's services.
- Convenience: The process is straightforward and can be done through Verizon's customer service, eliminating the need for complicated paperwork.
- Cost Savings: By transferring the contract, customers can avoid termination fees and potentially save money on their monthly bill.
Who Can Use Verizon Assumption of Liability?
Verizon Assumption of Liability is available to both individual customers and businesses. However, there are certain eligibility requirements that need to be met, including passing a credit check and meeting Verizon's criteria for assuming liability.
Individual customers can transfer their contracts to family members, friends, or colleagues. Businesses can also transfer their contracts to another business or an individual.
Steps to Transfer a Contract Using Verizon Assumption of Liability
The process of transferring a contract using Verizon Assumption of Liability involves the following steps:
- Contact Verizon customer service to initiate the transfer process.
- Provide the necessary information and documents required for the transfer.
- The person assuming the liability must pass a credit check and meet Verizon's eligibility requirements.
- Once approved, the responsibility for the contract and associated charges is transferred to the new account holder.
Important Considerations
Before transferring a contract using Verizon Assumption of Liability, there are a few important considerations to keep in mind:
- Both the current account holder and the person assuming the liability must agree to the transfer.
- There may be fees associated with the transfer, such as an assumption fee or activation fee for the new account holder.
- The person assuming the liability will be responsible for any outstanding charges or obligations associated with the contract.
Conclusion
Verizon Assumption of Liability is a valuable service offered by Verizon Wireless that allows customers to transfer their wireless service contracts to another person or business. It provides flexibility, convenience, and potential cost savings for customers who wish to transfer their contracts. By following the necessary steps and meeting Verizon's eligibility requirements, customers can smoothly transfer their contracts and avoid cancellation fees or termination charges.
