Other Insureds

Definition of "Other insureds"

Individuals or organizations covered by property and liability insurance other than the named insured. For example, under the personal automobile policy (pap), other insureds under Coverage A Liability are the named insured's spouse, other relatives living with the insured, and any other person using the automobile with the permission of the insured or the insured's spouse.

Search Real Estate Glossary

Related Real Estate Glossary terms

Paid-in Capital

Sum received by an insurance company at the sale of its stock. This capital represents the interest ...

Money Purchase Plan

Contributions to a pension plan on a fixed basis according to a formula, with variable benefits. Con ...

Coinsurance Plan Of Reinsurance

Type of proportional reinsurance under which the ceding company (primary insurer) cedes a portion of ...

Anticipated Holding Period

Time period for which one expects to keep property such as a real estate investment. ...

Paymaster Robbery Insurance

Coverage for robbery of the payroll of a business. Coverage applies to money and checks from the tim ...

Additional First-year Depreciation

Property value of up to $10,000 that of a taxpayer may elect to treat as an expense rather than as a ...

Related Real Estate FAQ

What Is A Cap?

A limit on an adjustable-rate mortgage. ...

What Is Principal?

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

How Much Life Insurance Do I Need?

Every person has a different idea of what financial security means. If so, should happen to you, how ...

What Is A APR Loan?

This APR Calculator can be used to estimate the Annual Percentage Rate for a loan based on input par ...

What Is Underwriting?

Underwriting is the process of evaluating a loan to determine whether the loan is a good risk. ...

What Is A Mortgage Insurance Premium (MIP)?

A mortgage insurance premium is a policy that insures the lender against loss if the homeowner defau ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

6 Reasons you are not selling properties 5 U.S. Cities with the Best Public Transportation How Does The Home Loan Underwriting Process Work? Tax Breaks for the First Time Home Buyer Getting Ready to Sell? Don't make these DIY Mistakes!

FAQ

What is escrow? What is principal? What do I need to know about Managed Care Insurance: HMO, PPO, & and POS plans? What is an agent? What is an easement?