Table of Contents
What does it mean to be listed as an additional insured?
In an insurance policy, an additional insured refers to anyone other than the policyholder who is covered by an insurance policy. Coverage might be limited to a single event or it could last for the policy's lifetime.
What is the purpose of adding an additional insured?
Key Takeaways. An additional insured extends liability insurance coverage beyond the named insured to include other individuals or groups. An additional insured endorsement protects the additional insured under the named insurer's policy allowing them to file a claim if sued.
What is the point of being added as additional insured?
Key Takeaways. An additional insured extends liability insurance coverage beyond the named insured to include other individuals or groups. An additional insured endorsement protects the additional insured under the named insurer's policy allowing them to file a claim if sued.
What does it mean to be an additional named insured?
An additional named insured is a person or business that is named somewhere else in the policy. An additional named insured will have the same rights as a “Named Insured” but typically won't be responsible for the premium.