Additional Insured


Definition of "Additional insured"

Alexis  Guindi
  Realty Executives Associates

Individual added to a life insurance policy other than the insured named in the policy. For example, an insured father can have a dependent son and daughter added to the policy as additional insureds. In many instances, adding an additional insured to an existing policy is less expensive than purchasing a separate policy for that insured. In property and liability insurance: another person, firm, or other entity enjoying the same protection as the named insured.



Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ