Sentences with phrase «additional insured»

Many people ask why they should list their landlord as additional insured on their renters insurance policies.

You know it's a bad idea to have your landlord as additional insured on your renters insurance, but do you know why?

Some landlords request renters insurance with additional insured status for themselves.

Additional insured riders also tend to come with limits on the period of coverage.

A blanket additional insured endorsement is most commonly found in liability insurance policies, though it is typically not a common feature of the policy language.

Some landlords request renters insurance with additional insured status for themselves.

We've touched elsewhere on why your landlord should be additional interest, and not additional insured.

We've written at length on additional interest vs. additional insured.

We've seen properties require as many as four additional insured parties on a policy.

Additional insured doesn't mean they have any interest in coverage for your personal property, either.

When this wording is included in the endorsement, your firm may not be provided additional insured coverage unless the contract specifically requires it.

Additional insured makes sense in the commercial insurance world, less so on the personal insurance side of things.

The contractor lists the building owner as additional insured so that if there's a loss that creates liability for the building owner, the contractor's policy can be responsible for it.

We've written on additional insured vs additional interest before, and it's worth a read.

The term additional insured means a person or entity that is covered as an insured under another party's insurance policy.

That's right, listing your landlord as additional insured causes more problems than it solves.

But additional insured creates additional problems that neither you nor the landlord want.

Find out why, and learn what is the difference between additional insured and additional interest.

They should be able to provide your organization with evidence of insurance coverage which is required to include additional insured language.

It's important to ask your independent insurance agent about whether giving additional insured status is appropriate.

[1] The most common additional insured endorsements are generally speaking very restrictive in their application.

The complex contractual relationships of the parties often calls for analysis of insurance coverage, additional insured requirements and endorsements as well as construction contract language.

Your policy does not contain any automatic additional insured language.

Some insurers have developed their own additional insured endorsements.

For dependent or spousal supplemental coverage, group term life insurance coverage is often capped at $ 100,000 per additional insured.

And, even if that's not the case initially, additional insured riders usually only guarantee level premiums for a certain number of years.

What would happen if you were listed as additional insured and a fire loss caused damage to the building?

The bill never went anywhere, but that indicates how bad an idea it is to give your landlord renters insurance with additional insured status.

Know the difference between additional interest vs. additional insured.

Why would you want to request to be named additional insured on all three policies general liability, commercial auto and workers compensation?

Additional insured endorsements should be carefully reviewed by your counsel to ensure that your interests are being protected.

We've seen properties require as many as four additional insured parties on a policy.

The bill never went anywhere, but that indicates how bad an idea it is to give your landlord renters insurance with additional insured status.

We've touched elsewhere on why your landlord should be additional interest, and not additional insured.

Additional insured doesn't mean they have any interest in coverage for your personal property, either.

Additional insured makes sense in the commercial insurance world, less so on the personal insurance side of things.

The contractor lists the building owner as additional insured so that if there's a loss that creates liability for the building owner, the contractor's policy can be responsible for it.

We've written on additional insured vs additional interest before, and it's worth a read.

Going through your insurance paperwork you might come across the term additional insured.

That's right, listing your landlord as additional insured causes more problems than it solves.

But additional insured creates additional problems that neither you nor the landlord want.

Find out why, and learn what is the difference between additional insured and additional interest.

Parties may be included as additional insureds under liability, property or commercial auto policies.

Watch this video «What is an Additional Insurance and When Do I Add Additional Insured to My Policy?»

What will it mean to you as a landlord when Maryland outlaws additional insured status for landlords?

The state of Maryland recently tried to ban landlords from requiring additional insured status.

The omnibus clause eliminates the need for additional insured endorsements under a commercial auto policy.

Many times people confuse additional interest with additional insured because they sound so similar.

Professional Liability Insurance covers bodily injury, property damage, or economic damages; covers damages resulting from the company's professional service; with liability limit that covers defense and indemnity payments; typically on a «claims - made» basis; doesn't allow Additional Insureds; and can't be scheduled under an Umbrella Liability Policy.