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Additional insured. In insurance policies, an additional insured is a person or organization who enjoys the benefits of being insured under an insurance policy, in addition to whoever originally purchased the insurance policy. [1][2][3] The term generally applies within liability insurance and property insurance, but is an element of other ...
Meaning. Named insured. A named insured, or driver, is usually the main policyholder. ... Additional insureds don’t necessarily have to be listed as drivers unless they drive the vehicle ...
This article examines emerging areas of certainty and uncertainty in AI coverage in the wake of 'Burlington' (arguably the most impactful recent decision in the world of additional insured ...
Renters' insurance. Renters' insurance, often called tenants' insurance, is an insurance policy that provides some of the benefits of homeowners' insurance, but does not include coverage for the dwelling, or structure, with the exception of small alterations that a tenant makes to the structure. It provides liability insurance and the tenant's ...
Alternatively, you could keep excess deposits in accounts with different ownership categories. Jointly owned accounts come with an additional $250,000 insured per owner, separate from single accounts.
In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language.
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an ...
Additional factors that influence your premium include your claims history, how much coverage you purchase and your deductible level. Frequently asked questions. Yes. HO-4 insurance is the same ...