Definition of "Additional interest"

Awett Tedla real estate agent

Written by

Awett Tedlaelite badge icon

F.C. Tucker Company - Geist

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.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

Monetary sum paid to an intermediary who acts as the contact between the lender (an insurance company) and the borrower. ...

Low-cost life insurance sold by savings banks in the states of Connecticut, Massachusetts, and New York. SBLI is a popular source of life insurance in these states for two reasons: it is ...

Systems composed of personal computers linked by a file server. These computers share software as well as databases that enable the risk manager access to information in a quick and ...

Portion of a life insurance policy cash value after the deduction of all the policyowner's indebtedness. ...

Provision in a property, liability, or health insurance policy stipulating the extent of coverage in the event that other insurance covers the same property. ...

Events that do not have any influence on the occurrence or nonoccurrence of another event; for example, a plane crashing in Shreveport should have no influence on a plane crashing in Dallas. ...

Recording and presentation of financial statements, such as the annual statement, by the insurance company. Financial reporting statements are used by the State Insurance Commissioner in ...

Charitable planning strategy in which a donor sells an asset to the charity for an amount less than its fair market value. Internal Revenue Service regulations require that the tax basis ...

Fee paid to an insurance salesperson as a percentage of the premium generated by a sold insurance policy. ...

Popular Insurance Questions