Renter’s insurance - add landlord as “additional insured”? That's a HUGE difference and they're voiding all the coverages they actually want to be able to access if they insist on this stupid becoming an additional insured. They are added to the policy by endorsement, and the protection that they are afforded will vary depending on which policy form is used to add them. So let me break it down for you. Based on the foregoing, and the absence of any allegation that any wrongful act or omission by the Tenant in the common areas contributed to the injury, Tenant and its insurer had no obligation to defend the injured party’s claim. Is that correct if they never requested it? He should have his own policy for his liability for suits brought against him directly. 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. We are looking to rent a house. In other terms, Lienholders typically want to be put on an auto insurance in the same manner, to signify a financial interest. When, oh when, will commercial agents come to their senses and realize that they're hamstringing their clients with bad advice on this issue?! 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. 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. The only reason the landlord should be listed as 'additional insured' is if one of the following conditions is in play: You're roommates or the landlord is live-in. The additional insured coverage would provide coverage to your landlord … Landlord/Tenant in residential is an adversarial relationship. First ever post, not sure if it fits here but worth a try. It shouldn't increase the premium so there isn't really a downside to it. Can your spouse make a liability claim against you on your renters insurance policy? There's often confusion around the definitions of additional insured, named driver, and listed drivers on car insurance policies. With respect to the insurance afforded to these additional insureds, the following is added to Section III – Limits Of Insurance: If coverage provided to the additional insured is required by a contract or agreement, the most we will pay on behalf of the additional insured is the amount of insurance: 1. Should I totally nix the apartment? It's definitely normal for reasons others have told you. We’ve written at length on additional interest vs. additional insured. That doesn't mean that your insurance is covering them for anything they are liable for, just for your action/inaction. I am nervous about things like him making claims in my name, and or us having issues with liability. Your landlord wants to make sure that you keep the required insurance. The policy added the landlord as an additional insured, but “only with respect to liability arising out of the ownership, maintenance or use of that part of the premises leased to [Capital One] and shown in the Schedule.” The lease defined the demised premises to … The landlord of the home we were interested in renting is requiring us to add her as additional insured (not additional interest) to our renters insurance policy. Insurance. In this manner, if there is an accident or loss on the tenant's premises (such as a fall or a fire), then the landlord will enjoy the benefits of the tenant's insurance coverage. It's VERY cut and dried who is responsible for what - The landlord's insurance company usually requires that the renter have enough insurance to pay for rebuildng the home if someone falls asleep with their favourite soup simmering and burns the house down. Short Story: Landlords, clients, and business partners will want anywhere between a 10-30 day notice if your insurance carrier intends to cancel the policy before the designated expiration date. The landlord is providing furnishings or other household goods whose value is lower than his insurance deductible Otherwise, additional … Both entities present as one, and the one doing the actual work must protect the one who is not doing the actual work but is bringing them in with their insurance policy. You can have it read “landlord is named as additional insured in regards to general liability if required by written contract.” This is very narrow language and satisfies the requirement if its in your lease. Hey! I live in a condo, and my landlord (a commercial real estate company) is requiring me (and all other tenants) to name them as an insured on my renter's insurance policy. Reason for Coverage . So that "additional insured" would extend your policy to defend the property management company. Additional Insured: A type of status associated with general liability insurance policies that provides coverage to other individuals/groups that were not initially named. If anyone, from a landlord to a contractor or even a roommate, asks to be added to your renters insurance as additional insured, make sure you fully understand what that means under the terms of your own policy. It is important to note that ‘Additional Insured’ and ‘Additional Interest’ are NOT the same thing. 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. Reason for Coverage . As an Additional Insured, you can file the claim under Tenant #1 Renters insurance since they were the responsible for the claim. Edit: make sure it's an additional insured for liability only, he doesn't have insurable interest in your belongings, Okay, but even in this case. That means if your landlord somehow talks you into listing him as additional insured instead of additional interest, you may be out of luck if something goes legally astray. In addition, Tenant’s liability policy naming Landlord as an additional insured only covered the premises and did not extend to the common areas. Interinsured Claims Exclusion Did Not Exclude Coverage Where an Additional Insured Landlord Was Not Adverse to a Named Insured Tenant (December 5, 2012) __Cal.App.4th __; 12 C.D.O.S. For example, a landlord in a commercial building will often require that a tenant have the landlord named as an additional insured on the tenant's insurance policies. I'm seeing online that this happens sometimes, but also reading that it's a very bad idea. Additional Interest generally means the insurance company has to notify the additional interest if the policy is canceled or non-renewed - basically something to let the landlord know you're maintaining insurance. There are also times when specialty coverages are needed in order to protect the best interest of the tenant. In the lease there is a clause in the insurance portion that states: "Tenant shall obtain liability insurance, in an amount not less than $50,000.00, naming Landlord, and, if applicable, Property Manager as additional insured for injury or damage to, or upon, the Premises during the term of this agreement or any … I have never been asked to do this. How to add your Property Manager as an Additional Insured. Usually premium isn’t even that much in difference. It's and host of other claims. When a landlord is asking to be listed as "additional insured", what they are typically asking for is liability extension (sometimes called Section 2 Coverage). By being additional insured, the landlord is given protection similar to if he were a named insured on your renters policy. The coverage afforded to an additional insured is limited to liability caused by the named insured. That can't happen if the landlord is listed as an additional insured. As with most other types of policy, additional insured endorsements will be limited. City v. When it comes to Personal coverage, the landlord needs to be listed as an additional interest. Often, landlords will ask that you purchase general liability, often with a specific limit. Which means they would go after the renters insurance company, and I am on the renters insurance policy. My apartment complex is getting ready to enroll me in their liability insurance if I do not get the landlord added as additional insured. Covering your landlord as an additional insured. Some also like to know that if the place burns, you have coverage and won’t be coming to them for indemnity on your burnt stuff. My landlord is requiring that I obtain renters insurance and add them as an additional insured for me to renew for another year. One of the most common reasons for providing additional insured coverage is a contractual requirement. This is not wholly unusual and he would only be covered if he was brought into a suit that was brought against you. Being listed an as additional insured means they would be afforded the same coverages as the policy holder. The standard additional insured endorsement commonly issued to landlords (ISO CG2011) has recently … They want to be listed as an additional insured on your renters liability policy in case your dog bites someone. There are two parties, NOT three. Landlord as Additional Insured. My landlord requires us to prove we have coverage. 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. Most insurance companies will not automatically add the landlord as an additional insured but it will do so at no additional costs to the tenant if asked. That's not what this is. When we sent an email questioning. Here is a real basic example, Say I come over to your house and your dog attacks me. 3. The standard ISO limits coverage to only those people or groups specifically listed in the endorsement as mentioned. Landlords feel this protection is like “a belt and suspenders.”. As an additional insured, the landlord is not given the same full coverage as the tenant. And, most companies have many different forms for adding additional insureds. With respect to the insurance afforded to these additional insureds, the following is added to Section III – Limits Of Insurance: If coverage provided to the additional insured is required by a contract or agreement, the most we will pay on behalf of the additional insured is the amount of insurance: 1. Maybe do a search next time? 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. However since you stared that you clarified this with the lessor it sounds shady as a lessor to do so. Most leases require General Liability, property, and additional coverages including an umbrella or excess policy. Although an additional insured endorsement makes the landlord an “insured” of the tenant’s policy it does not cover everything. We’ve written at length on additional interest vs. additional insured. Has any adjusters or agents had a problem when they listed the landlord as an additional insured in a claims situation? Super common. Most reputable insurance companies understand that adding an Additional Insured is in their client’s best interest and will do so upon request for little or no additional cost. 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. To start with, we believe that additional insured status is not what a landlord wants. I was under the impression renter's insurance was for our property inside the rental and to protect us if someone hurt themselves. It NEVER WILL BE. Additional Insured is most common terminology I’m used to. There are even some options to add “Blanket Additional Insureds,” which cover any Additional Insured if required in a contract with the Named Insured. Endorsements covering landlords as additional insureds typically exclude accidents that occur after you cease to be a tenant in the premises. In general, their rights and responsibilities will be severely limited compared to a Named Insured. If the tenant's dog dug a hole and the tenant didn't fill it in, and the guest broke their leg, then that's the other. Insurance requirements can be lengthy at many different times during the course of a lease. They also exclude cl… Basically you would have your policy provide protection to the landlord for their protection. Its absolutely legal. One of the most common reasons for providing additional insured coverage is a contractual requirement. On a landlord policy needs to be listed as an additional insured endorsement to personal coverage, landlord... 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