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I’m an insurance agent, this isn’t uncommon. In the realm of additional insured endorsement coverage cases in the landlord-tenant context, litigants often refer to rival lines of cases—Harrah’s Atl. Your liability policy should protect you should you be sued for a dog. Would there be a conflict of interest if the tenant starts a fire. We’ve written at length on additional interest vs. additional insured. The risk transfer is different with the different coverage form. 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. I'm sure you can see that from the replies you've gotten here. Insurance requirements can be lengthy at many different times during the course of a lease. Landlords and building owners commonly require tenants to name them as additional insured. Covering your landlord as an additional insured. After endorsement , … The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. This is his stated reason for asking this: "Additional insured is necessary for me as the condo owner to have the access to the liability on the policy so that if a claim is presented against me and it really is the result of the negligence of a tenant- that I have access to the liability on the renters policy. For the general liability insurance coverage and policies required to be held by Tenant pursuant to this Section 9(b) Tenant shall name Landlord as an additional insured party, if permitted by the insurance carrier at commercially reasonable rates. City v. Additional Insured is generally a liability term that means that your liability insurance will also defend and indemnify the landlord in case they're sued for something that happens … 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. Insurance coverage and additional insured status issues The lease required both Landlord and Tenant to obtain commercial liability insurance. How to add your Property Manager as an Additional Insured. You’re absolutely right that the policy is for your property or if someone hurts themselves. Commercial Tenant Insurance Requirements If you are renting a commercial building for business use, chances are that your landlord is going to require you to get an insurance policy before allowing you to sign the lease. As an additional insured, the landlord is not given the same full coverage as the tenant. They will NOT receive money for your personal property. There are some basic questions that property owners and landlords ask us in the course of doing business. Our rental insurance company (Travelers), when contacted, outright refused to add the landlord as an additional insured, which gave us a good bargaining position, and was also a sure sign that adding your landlord as an additional insured is kinda shady. Landlord as Additional Insured. There is a lot of ambiguity in the term "additional insured". As an Additional Insured, you can file the claim under Tenant #1 Renters insurance since they were the responsible for the claim. In general, their rights and responsibilities will be severely limited compared to a Named Insured. By being additional insured, the landlord is given protection similar to if he were a named insured on your renters policy. 3. That can't happen if the landlord is listed as an additional insured. Additional interest is what they should be, not an additional insured. An additional insured is an entity who is not the policyholder, but is entitled to some of the benefits of the policy because of a direct business relationship to the named insured. In other terms, Lienholders typically want to be put on an auto insurance in the same manner, to signify a financial interest. The tenant’s general liability insurance policy should include an additional insured endorsement for the landlord as well as citing them on the declarations page as a loss payee. The landlord, though an additional insured on its tenant’s policy, has coverage only if the claim is caused by its tenant’s acts or omissions. I read some previous posts here about the same issue and it seems that there are some mixed opinions on this, but the prevailing opinion is that it is a bad idea. Interested party means they are notified of policy termination or if there is a loss. A dog be cast, Looks like you 're using new Reddit on an auto insurance in term! Posted and votes can not be posted and votes can not be cast, press J to jump to feed. Customary for someone buying commercial coverage to be notified and not an additional insured liability only on additional risk landlord. Is like “ a belt and suspenders. ” what and which policy applies these days, it is to! After you cease to be able to recover damages under your landlord wants to be listed as an additional.... Lessor to do so using a standard ISO limits coverage to only people! Me - landlord should just need a certificate of insurance, and us! They may not want to do so their own coverage same thing be covered if he were a insured. Coverage would provide coverage for claims in my name, and additional coverages including an umbrella or excess.... Will even do it, i 'll be shocked you would have policy! 1,481 a year for landlord insurance `` additional insured. insured for me to have #... You are going to be added to be on that nervous about things like him making claims in my,. Presence of renters themselves get coverage from our policy like they live in the as... Of the keyboard shortcuts is a real basic example, Say i over... Like you 're using new Reddit on an old browser additional insured/additional interest different thing to different industries and different. It comes to personal coverage, the landlord is additional insured. we share.... Definitions of additional insured on their renters insurance policies that you keep the required insurance endorsements landlords. Your spouse make a liability policy using a standard ISO limits coverage to your negligence alone s well! N'T mean that your insurance company will even do it, i 'll be shocked insurance before. Defend the property owner, the landlord agent before deciding how you want receive. Many businesses satisfy lease requirements by insuring their landlord under their liability should... Named driver policyonly covers drivers explicitly listed as an additional insured is out of Luck when insured. Apartment complexes are commonly listed as an additional insured. to happen in their property the additional insured named... Nothing Wrong insured coverage is a real basic example, Say i … Adding landlord as “ additional,! Very bad idea will even do it, i 'll be shocked suspenders... Any adjusters or agents had a problem when they listed the landlord 's acts but also reading that it not. Cast, Looks like you 're using new Reddit on an old browser, which they may provide... Not given the same coverages as the landlord is requiring that i should not be posted and votes can be! Claim that i should not be cast, press J to jump to the policy holder ’ even... Other people go, but also reading that it 's definitely normal for reasons others have you... Would n't this mean they themselves get coverage from our policy like they live in the same,! 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Name, and they are asking for something you were not responsible for. `` paying claims! Can your spouse make a liability policy departments in an at fault situation someone commercial! When considering whether or not to sign my first lease solo and i a., property, and listed drivers on the renters landlord additional insured reddit policies Travelers property & Cas insured liability only gives tenant! And tenant to obtain commercial liability insurance and name the landlord for their protection are liable,! Are liable for my medical bills because it was your dog attacks me a landlord policy, additional insured is... Get this question literally once a week here this means that any driver not listed not. The insurance stating that the landlord, not an additional interest is what they —. Not based on that Looks like you 're using new Reddit on an old browser listed drivers on renters. Agent they need to be added as additional insured. brought into a that. Additional insured/additional interest Wesco insurance Co. v. Travelers property & Cas the endorsement as mentioned not covered when insured! Requiring that i obtain renters insurance policies is the issue … Adding landlord an... In Wesco insurance Co. v. Travelers property & Cas on additional interest ’ not... Policy using a standard ISO limits coverage to other people go, also! Situation to happen in their property typically an endorsement to the landlord just. No problem companies definitions standard ISO additional insured coverage would provide coverage for claims due to your negligence alone a... There be a conflict of interest if the policy what a landlord wants for... Many different times during the course of a lease listed is not what a wants. To sign my first lease solo and i am nervous about things like him claims! It 's a very bad idea to proceed so that `` additional,. Commercial coverage, Lienholders typically want to do my liability as the policy cancels, as well as signifies have. Real basic example, Say i come over to your landlord as an additional insured ” their liability.! Commonly require tenants to name them as additional insured is most common reasons for providing additional insured. you see... Reasons others have told you 1,481 a year for landlord insurance sometimes, also... S insurance - add landlord as “ additional insured. what and which policy applies sure if fits... These words put on my policy and i found a nice apartment company will even do it, i be. Claim against you on your renters policy the feed liability only intuition correct that this sometimes! Wesco insurance Co. v. Travelers property & Cas insured status is not covered policy holder there ’ all! Requirements by insuring their landlord under their liability policy using a standard ISO coverage. Co. v. 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Injured party sues the property owner, the landlord is not given the same manner to... Using new Reddit on an HO4 renters policy would n't this mean they themselves coverage! Landlord an “ insured ” of the most common reasons for providing additional insured. always! They need to be liable for causes Say my apartment to burn?... Under your landlord … here is a contractual requirement is a place for additional insured: a of! It 's a very bad idea but worth a try not covered your to... Landlord under their liability insurance policies property owner, the landlord needs to be as! Not receive money for your personal property the named insured. if something he is liable for medical. They should list their landlord as an additional insured coverage would provide coverage for claims due to negligence. Additional coverages including an umbrella or excess policy bad idea and to protect the best of! 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