The state of Maryland recently tried to ban landlords from
requiring additional insured status.
The state of Maryland recently tried to ban landlords from
requiring additional insured status.
But putting that aside for a moment, let's take a look at some of the impacts of no longer being able to use a lease that
requires additional insured on a tenant's insurance policy.
The system can even handle transitional stages, such as flagging whose lease still
requires additional insured and whose lease has the updated additional interest requirement.
You generally don't want to
require additional insured status — Maryland even tried to outlaw additional insured for residential leases recently.
You generally don't want to
require additional insured status — Maryland even tried to outlaw additional insured for residential leases recently.
But putting that aside for a moment, let's take a look at some of the impacts of no longer being able to use a lease that
requires additional insured on a tenant's insurance policy.
The system can even handle transitional stages, such as flagging whose lease still
requires additional insured and whose lease has the updated additional interest requirement.
Not exact matches
Hobby Lobby explained in a statement that its Green family owners «have no moral objection to providing 16 of the 20 FDA - approved contraceptives
required under the HHS mandate and do so at no
additional cost to employees under their self -
insured health plan.»
We've seen properties
require as many as four
additional insured parties on a policy.
Underwriting requirements:
Additional health information
required by the insurance company in order to accurately assess the health of the life
insured so that it can properly determine the risk of
insuring him / her.
No
additional budgeting is
required to
insure that you have adequate funds to pay the large bills when they are due
In addition to
requiring insurance, a property owner might
require that he be listed as an
additional insured or an
additional interest.
First of all, the lease
requires that all residents be listed on the policy, that the unit be an «
insured location,» and that Halstead White Plains be listed as a certificate holder or
additional interest.
Your lender will
require that you name them as an
additional insured.
You should, of course,
require that the policy notify you if it lapses or cancels, and that's why you want to be an
additional interest vs.
additional insured.
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.
An
additional benefit of
requiring the coverage is that you dispel this misconception and they know that
insuring their property is their responsibility.
FHA's new discounted prices assume no greater risk to its Mutual Mortgage Insurance (MMI) Fund and will allow many of these borrowers to refinance into a lower cost FHA -
insured mortgage without
requiring additional underwriting.
There may be some
additional conditions or restrictions such as length of amortization and down payment and in some cases the lender will
require the mortgage be
insured by Canada Mortgage and Housing or another insurer.
Make sure you clarify what the landlord wants —
additional interest is normal and just fine,
additional insured status
requires some further clarification to make sure they understand what they're asking you to do.
If you are an Employee Club of the University of California, you are
required to have liability insurance in place naming The Regents of the University of California as an
Additional Insured.
If you are an Employee Club of the University of California, you are
required to have liability insurance in place naming The Regents of the University of California as
Additional Insured.
They should be able to provide your organization with evidence of insurance coverage which is
required to include
additional insured language.
Such policy shall contain a provision naming the city as
additional insured and an
additional provision
requiring the insurance carrier to notify the city 30 days in advance of any cancellation, termination or expiration of such liability insurance.
If no payment is
required by paragraph 1, an
additional payment to the
insured person's dependants and the persons, other than a former spouse of the
insured person, to whom the
insured person had an obligation at the time of the accident to provide support under a domestic contract or court order, to be divided equally among the persons entitled, of,
If no payment is
required by paragraph 1, an
additional payment to the
insured person's dependants and the persons, other than a former spouse of the
insured person, to whom the
insured person had an obligation at the time of the accident to provide support under a domestic contract or court order, to be divided equally among the persons entitled, in an amount equal to $ 25,000 if the accident occurred before October 1, 2003 or, if the accident occurred on or after October 1, 2003,
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.»
National Gallery sought a declaration that Intact and Lafleur were
required to provide and fund its full defence in the underlying actions, pursuant to the terms of the Maintenance Contract and its status as an
additional insured under the Intact policy.
The rider allows the
insured to purchase
additional life insurance down the road with no evidence of insurability
required.
We HIGHLY recommend
requiring your tenants to carry Renters Insurance with a minimum of $ 100,000 in liability coverage and
require that you be listed as an
Additional Insured on the policy.
Your contract
requires you to
insure XYZ Inc. as an
additional insured under your general liability policy.
If the
insured dies, the nominee is entitles to receive the entire benefits of such a plan while no
additional premium payment is
required.
However,
additional required medical documentation supporting the claim must be provided by the
insured.
Offers 12 benefit options from which the
insured can choose
additional covers
required by him or her.
You may be
required to list an
additional insured on your small business insurance quote.
This coverage provides payment for certain losses when your home is damaged and uninhabitable because of an
insured loss, including your
additional living expenses for the shortest time
required to repair or replace the premises, or for your household to settle elsewhere, up to 24 months.
Four organizations that usually
require being listed as an
additional insured include:
All the
insured has to do is to send Aegon Life a documented notice stating that he / she wants to attach a rider to his / her base plan and make the
additional premium payment as
required.
You will be
required to add the leasing company onto your policy as a loss payee and
additional insured.
As long as the conditions of the policy have been maintained and payments made on time, the
insured person is not
required to undergo any new or
additional screening at the time the policy is converted, regardless of his / her medical condition.
We've seen properties
require as many as four
additional insured parties on a policy.
Additional benefit riders should your health status change: With the Accelerated Death Benefit for Chronic Illness Rider, up to 50 % of the policy's death benefit ($ 500,000 maximum) can be accessed in advance if a licensed health care practitioner certifies during the prior 12 - month period that the
insured is unable to perform at least two of six activities of daily living for a period of at least 90 days due to a loss of functional capacity, or has a severe cognitive impairment,
requiring substantial supervision to ensure the health and safety of him or herself.
This coverage provides payment for certain losses when your home is damaged and uninhabitable because of an
insured loss, including your
additional living expenses for the reasonable time
required to repair or replace the premises, or for your household to settle elsewhere.
When this wording is included in the endorsement, your firm may not be provided
additional insured coverage unless the contract specifically
requires it.
As long as the conditions of the policy have been maintained and premium payments have been made, the
insured will not be
required to undergo any new or
additional health screening at the time the policy is converted — regardless of their medical condition.
The rider provides an effective way for the
insured to increase the death benefit when life changes such as marriage, childbirth, and homeownership,
require additional coverage to make certain surviving loved ones are financially protected.
Provided that the premium payments have been made, and that all of the other conditions of the initial policy have been met, the
insured will not typically be
required to undergo any new or
additional health screening at the time the policy is converted.
This rider is most valuable for
insureds that may
require additional coverage, but have health issues that would disqualify them for coverage.
Other life insurance companies
require no evidence of
insure - ability to renew the policy for an
additional 5 years.