Additional Insured or Additional Interest
Additional Insured or Additional Interest is a person or entity (such as a leasing company), other than the named insured, who is protected under the auto policy. If an auto is leased, the leasing company may want to be listed as an Additional Insured as well as a lien holder or loss payee. This protects the leasing company if it's named in a lawsuit for an accident caused by a policyholder.
Category: Automotive Engineering
Previous: ← Act of God
Next: Adjuster →
More from this Section
- Easy entry
Easy entry is a device that automatically retracts a vehicles power seats and/or steering ... - Optional equipment
Optional equipment is equipment that is not included in the manufacturers base configuration ... - Electrochromatic rearview mirror
Electrochromatic rearview mirror is a rearview mirror that automatically dims at night ... - Positive crankcase ventilation (PCV) valve
Positive crankcase ventilation (PCV) valve is emission control system that redirects crankcase ... - Auto-leveling suspension
Auto-leveling suspension is a suspension that adjusts the height of the vehicle so that ...