Additional Insured or Additional Interest

A person or an organization, other than the named insured or covered person, who is protected under the named insured's 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

See Also: Anti-Theft Device; Automobile Insurance; Automobile Insurance Plans; Basic Auto Policy; Basic Limits of Liability;

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