Additional insured

Additional insured,

Definition of Additional insured:

  1. Additional insured is a type of status associated with general liability insurance policies that provides coverage to other individuals or groups that were not initially named in the policy. With an additional insured endorsement, the additional insured will then be protected under the named insurer's policy and can file a claim in the event that they are sued.

  2. Liability insurance provides insurance for the party named in the policy for protection against insurance claims due to injury or damage to property or individuals. Liability insurance policies provide coverage for the costs of monetary payments or payouts that the insured party might be responsible for if it's determined the insured party is legally liable. .

  3. One or more individuals (other than the individual named in an insurance policy) who are protected also under the terms of the same policy. Additional insureds are added either by endorsement or are referred to in the definition of insured in the policy itself.

How to use Additional insured in a sentence?

  1. You may want to make sure that a shipment is additional insured if it is very valuable and you dont want the risk.
  2. An additional insured endorsement protects the additional insured under the named insurer's policy allowing them to file a claim if sued.
  3. A general contractor might require subcontractors to name the general and the owner on the subcontractor's policies.
  4. After the accident, Karen knew shed be in trouble with her insurance company if they found out the driver (her boyfriend) wasnt one of the additional insured on the vehicle.
  5. An additional insured extends liability insurance coverage beyond the named insured to include other individuals or groups.
  6. While Jack owned the office building, he also put Jims name on the fire insurance policy so that practical matters after such a possible event could be handled by them both, making Jim the additional insured .

Meaning of Additional insured & Additional insured Definition

Additional Insured,

Additional Insured Meanings:

  • A person or organization that is not automatically included in the insurance policy as an insurer or is included with the insured policy upon request for added insurance. The insured's request to grant additional insurance status to another person may be a desire to protect the other party because of their close relationship (for example, a desire to protect church members through an insured religious service). ) Or to protect compliance with the agreement. The insured is required to do so (for example, the owner of the project, the user or the owner of the property rented by the insured). In compulsory insurance, the status of additional insurance is usually used in connection with a compensation agreement between the party insured (compensation) and the party applying for additional insurance status (compensation). Most claims see the insured's right as a way to support compensation arrangements under their liability insurance (CGL). If, for any reason, the Compensation Agreement becomes unenforceable, Compensation may still obtain coverage for your obligations by making an immediate claim as an additional insurer under the Compensation Policy. CGL In property insurance, the status of additional insurance is often used in connection with the lease agreement between the insured, known as the tenant, and the owner of the rented building where the insured tenant is located. Insure the rental building and include the landlord as an additional insurer under the rental building insurance policy.

  • Additional Insured means:

    An additional insured person is someone you include in your insurance policy (who is not a blood relative, married or adopter) who lives with you and / or has a financial interest in you.

  • Cover the insurance policy of any person other than the insured. Example: Car insurance usually covers the person who drives the car with their consent. In home insurance, you can be a co-owner, a mortgagee, or a suicide bomber.

  • Everyone, except the person whose name has been decided on the insurance policy, is protected from loss under the terms of the policy.

  • A simple definition of Additional Insured is: Insurance is specifically mentioned in the insurance policy which is not automatically included in someone else's policy as an insured person, but the policyholder provides protection. Records are usually required to obtain additional insurance status. The induction of the nominee insured to give additional insurance status to another person may be a desire to protect the other party due to the close relationship with that party (e.g., insured employee or club member) or compliance with the contract. Be paralyzed The designated insurer for this ((for example, the user or owner of a property rented by the designated insurer).

Literal Meanings of Additional Insured

Additional:

Meanings of Additional:
  1. Added in addition to or in addition to pre-existing or available.

Sentences of Additional
  1. We need more information

Synonyms of Additional

ancillary, subsidiary, supplemental, added, accessory, supplementary, auxiliary, further, extra, secondary, attendant

Insured:

Meanings of Insured:
  1. Covered by insurance.

  2. Insured person or organization.

Sentences of Insured
  1. Insured car

  2. Death insurance benefit

Additional Insured,

Additional Insured:

Companies (individuals or companies) that were not originally included in the insurance policy, but were included as insured upon request for the said insurance.

Additional Insured,

Additional Insured means,

  • Definition of Additional Insured: A person or organization that is not automatically covered by the insurance policy will be added to the policy as an insured person at the request of the nominee insured. The motion to grant certain policyholders the status of another policyholder may be based on the desire to protect the other party based on the close relationship with that party (e.g., an agreement in which the designated policyholder is required to Is required (for example, the project owner, client or owner taken by the insured) is called insured). In liability insurance, the status of additional insurance is often used in conjunction with a compensation agreement between the name of the policyholder (insurer) and the claimant between the applicant for additional insurance status (policyholder). happens. Most beneficiaries say that insurers' rights are a way of fulfilling their insurance provider's promise of compensation under the General Public Liability Insurance (CGL). If the insurance contract is invalid for any reason, the policyholder can take out liability insurance by filing a claim directly as an additional policyholder under the CGL policy. In property insurance, the additional status of insurance is often used in connection with a one-room rental agreement between the insured tenant and the owner of the rental building, in which the insured tenant must insure the rental building and the building. Should be named. As an additional policyholder in a construction insurance policy.

  • An additional policyholder is someone you include in your insurance policy (unrelated, married or adopted), who lives with you and / or has a financial interest in you.

  • Definition of Additional Insured: A W is covered by insurance in addition to the name of the insured. Example: Car insurance usually covers the person who drives the policyholder's car with their consent. Property insurance can take the form of debt collection, mortgage or rights.

  • Additional Insured means, Anyone other than the person named in the insurance policy is protected from loss under the policy.

Literal Meanings of Additional Insured

Additional:

Meanings of Additional:
  1. Included, with or without pre-existing or available.

Synonyms of Additional

other, another, fresh, more, new

Insured:

Meanings of Insured:
  1. Insurance or organization.

  2. Arrange compensation for loss or damage (property), injury or death (one person) in return for regular payments to the company or state.

  3. Catch or protect someone (possible emergency)

  4. Another safe term

Sentences of Insured
  1. Insured vehicle

  2. Table insurance should be 2,500.

  3. To appease Celia, he can save himself from other misfortunes.

Additional Insured,

What is The Definition of Additional Insured?

Additional Insured
  1. A person or organization that does not automatically join the insurance policy as an insured person will be added to the policy as an insured person at the request of the nominee insured. The motivation for some policyholders to grant another policyholder status may be in the form of a desire to protect the other party based on the close relationship with that party (e.g., arranging an agreement in which the designated policy The holder is required to do so (for example, the project owner, client or employer employed by the insured) is called insured). In liability insurance, additional insurance status is often used in the name of the policyholder (insurer) and with a compensation agreement between the claimant applying for additional insurance status (policyholder). Most beneficiaries believe that their insurer's civil liability insurance (CGL) is a way to fulfill the insured's promise of compensation. If the insurance contract proves unenforceable for any reason, the policyholder can still take out liability insurance by filing a direct claim as an additional policyholder under the CGL policy. In property insurance, the additional status of insurance is often used in connection with the room rental agreement between the insurer and the tenant of the rented building, under which the insured tenant for the rental building. Insures and / or an additional insurer on the insurance policy of the leased building.

  2. Additional Insured definition is: A W is covered by an insurance policy in addition to the name of the insured. Example: Car insurance usually covers the person who drives the policyholder's car with their consent. Property insurance can take the form of debt collection, mortgage or loan.

  3. Additional Insured means: Anyone other than the person named in the insurance policy is protected under the policy.

  4. Additional Insured definition is: The insured nominated under one insurance policy is not automatically considered insured under the other insurance policy, but the named insurance policy offers some reservations to the woman. Sleep is often required to obtain additional insurance status. The nominee insured may insist on giving additional insured status to another person because of the close relationship with that party may wish to change to another party (e.g., insured person (e.g., insured) Consumer or supplier of personal rental goods).

  5. Additional Insured refers to

  6. A person (natural or legal person) who is not actually covered by the insurance policy, but is included as insured at the request of the designated insured.

Literal Meanings of Additional Insured

Additional:

Meanings of Additional:
  1. Added to or with something that already exists or is available.

Insured:

Meanings of Insured:
  1. Insured or organization.

  2. Compensate the company or state for loss or damage (property), injury or death (one person) in return for regular payment.

Sentences of Insured
  1. Compensation in case of death of the insured

  2. To appease Celia, they can prepare themselves against other misfortunes.