Sentences with phrase «as an additional insured party»

Since your landlord is now on the policy as an additional insured party, liability coverage wouldn't respond to damages done to him.

Not exact matches

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

Because they're not an additional insured, there are no concerns about whether or not they qualify as a third party under the liability coverage.

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.

One party will add the other party as an «additional insured» on their commercial liability insurance policy.

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

It means that when your landlord's insurance carrier subrogates and tries to collect that money they paid out from the responsible party, you're personally on the hook for it because your landlord doesn't have a claim against your liability coverage, as additional insured.

Some liability policies include language that automatically covers certain parties, such as landlords, as additional insureds.

If your negligence causes a fire and your landlord is an additional insured, they likely won't be able to collect under your liability coverage because they're a party to the policy as additional insured.

Your house, additional buildings on the property and all of the insured party's property are protected; as long as a precise inventory of the property has been provided for verification purposes.