Definition of "Additional interest"
Wylie Barnett , Real Estate Agent
Berkshire Hathaway Homeservices Hometown, Realtors
Same as term Additional Insured: 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.
Have a question or comment?
We're here to help.