What Does Blanket Additional Insured Mean. first, a named insured is the actual owner of the insurance policy. It’s not uncommon for a company’s customer or client to ask to be added to a policy as what’s called an additional insured.
What Does Insured Mean kenyachambermines - image credit : kenyachambermines.com
A blanket additional insured endorsement is an insurance policy endorsement that a…
a blanket additional insured endorsement is the process of providing insurance. an additional insured is a company or person that can receive insurance coverage under another company’s business insurance policy. these are different from a certificate holder.
What Does Insured Mean kenyachambermines
what is a blanket additional insured? the named insured is always covered by the policy, while an additional insured has certain limitations on the coverage provided. Blanket additional insured endorsement — an endorsement sometimes attached to liability insurance policies that automatically grants insured status to a. the difference is that additional insureds receive only liability protection whereas loss payees receive only property damage coverage.
