Sentences with phrase «landlord as additional insured»

My understanding is that on such renters insurance policies, they will not / want not to have landlord as additional insured

Personal policies don't function the same way, and listing your landlord as additional insured may have some serious coverage implications.

Naming your landlord as additional insured can cause coverage issues if you cause damage to the apartment or other rented premises.

Why is it dangerous to list your landlord as additional insured?

That's reason enough never to list your landlord as additional insured.

Why wouldn't you want to add your landlord as additional insured?

The Sonoma County renters insurance experts understand the difference between naming a landlord as additional interest and naming a landlord as additional insured, as well as the significant risk that you undertake and the rights you give up by naming a landlord as additional insured.

That's why you don't list the landlord as additional insured.

Are you familiar with this type of request that in addition to renters personal property and liability that a separate public liability policy be purchased by tenant naming landlord as additional insured?

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

For reasons we'll spare you, listing your landlord as additional insured on a renters insurance policy in Pennsylvania can cause more problems than it solves.

Listing your landlord as additional insured on renters insurance in Utah has some potential consequences, as well, in the event of a claim.

Listing your landlord as additional insured on renters insurance in Utah has some potential consequences, as well, in the event of a claim.

Personal policies don't function the same way, and listing your landlord as additional insured may have some serious coverage implications.

If have your landlord as an additional insured, your insurance policy will potentially defend your landlord if you're both partially liable for a loss such as a guest who slipped on ice that you both had a duty to remove.

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

That's reason enough never to list your landlord as additional insured.

That's why you don't list the landlord as additional insured.

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

Why wouldn't you want to add your landlord as additional insured?

As a matter of fact, Maryland outlawing landlords as additional insureds is a very real possibility, as we've previously discussed.

The state of Maryland actually tried to outlaw the listing of landlords as additional insured on renters policies a few years back.

Not exact matches

By being additional insured, the landlord is given protection similar to if he were a named insured on your renters policy.That's all well and good as far as damages to other people go, but there's a serious problem here.

Your landlord, as additional insured, would generally be barred from making a claim under your liability coverage.

With additional insured status for the landlord, or without subrogation as a remedy, the same process becomes a significant risk.

The renters insurance lease clause will generally require you to have a policy that covers at least a certain amount of liability, insures everyone in the household, and lists the landlord or their agent as additional interest so that they'll be notified if the policy cancels, lapses, or otherwise does not remain in force.

A landlord being listed as additional insured can bring trouble if you need to collect under a tenant's liability coverage.

Not only can your landlord legally require you to have renter's insurance as part of the lease agreement, but your landlord may require you to include him or her in the policy as an «additional insured» or a «secondary insured.»

Einhorn Insurance also suggests you tell the landlord they can be listed as an Additional Insured on the 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.

Make sure to list the landlord as additional interest on your renters insurance, not as additional insured.

By being additional insured, the landlord is given protection similar to if he were a named insured on your renters policy.That's all well and good as far as damages to other people go, but there's a serious problem here.

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

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

With additional insured status for the landlord, or without subrogation as a remedy, the same process becomes a significant risk.

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

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.

It's best to specify this requirement in the lease and to have the renter name you, the landlord, as an additional insured person on their policy.

Because of these additional coverages, and since rental properties are riskier to insure in general, landlord insurance policies typically cost as much as 25 % more than their homeowners insurance counterparts.

A landlord being listed as additional insured can bring trouble if you need to collect under a tenant's liability coverage.

The renters insurance lease clause will generally require you to have a policy that covers at least a certain amount of liability, insures everyone in the household, and lists the landlord or their agent as additional interest so that they'll be notified if the policy cancels, lapses, or otherwise does not remain in force.

I believe the guidance of most here is to require the tenant to provide proof of an insurance policy @ move - in, and name the landlord as an «additional insured» on that policy.