Additional Insured: On the other hand, additional Insureds are added to the policy due to a relationship they have with the named insured. We negotiated the lease with our landlord and there was nothing specifying to landloard as Additional Insured. If your insurance company will even do it, I'll be shocked. Insurance requirements can be lengthy at many different times during the course of a lease. u/clurrburr19. Otherwise, the landlord … Interinsured Claims Exclusion Did Not Exclude Coverage Where an Additional Insured Landlord Was Not Adverse to a Named Insured Tenant (December 5, 2012) __Cal.App.4th __; 12 C.D.O.S. provide for such additional insured. As an additional insured, the landlord is not given the same full coverage as the tenant. The landlord of the home we were interested in renting is requiring us to add her as additional insured (not additional interest) to our renters insurance policy. It's VERY cut and dried who is responsible for what - The landlord's insurance company usually requires that the renter have enough insurance to pay for rebuildng the home if someone falls asleep with their favourite soup simmering and burns the house down. In this manner, if there is an accident or loss on the tenant's premises (such as a fall or a fire), then the landlord will enjoy the benefits of the tenant's insurance coverage. Waive right of subrogation as respects workers comp" and the landlord company wants … Super normal. 4 comments. B. One of the most common reasons for providing additional insured coverage is a contractual requirement. Few insurers want to assume the liability of apartment complex owners and managers, but they often issue Additional Interest endorsements that include notice of cancellation. Ultimately the insurance company will make the decision if they will be added as an additional insured or not based on that companies definitions. In the realm of additional insured endorsement coverage cases in the landlord-tenant context, litigants often refer to rival lines of cases—Harrah’s Atl. An additional insured is an entity who is not the policyholder, but is entitled to some of the benefits of the policy because of a direct business relationship to the named insured. Is this normal? There are also times when specialty coverages are needed in order to protect the best interest of the tenant. I’m an insurance agent, this isn’t uncommon. I'm sure you can see that from the replies you've gotten here. I thought they just needed to be listed as an additional interest to be notified and not an additional insured? My apartment complex is getting ready to enroll me in their liability insurance if I do not get the landlord added as additional insured. Insurance coverage and additional insured status issues The lease required both Landlord and Tenant to obtain commercial liability insurance. We’ve written at length on additional interest vs. additional insured. Now your stuck with a claim under your Landlord policy, for something you were not responsible for. Archived. When a landlord is asking to be listed as "additional insured", what they are typically asking for is liability extension (sometimes called Section 2 Coverage). If you are not listed as an Additional insured, you need to have the tenant file the claim or bring a lawsuit to trigger the insurance policy. You’re absolutely right that the policy is for your property or if someone hurts themselves. A landlord will generally require a lessee at the minimum to have a premise general liability policy & often require to be listed as additional insured. When considering whether or not to sign a commercial lease, you should always look for these terms. Our rental insurance company (Travelers), when contacted, outright refused to add the landlord as an additional insured, which gave us a good bargaining position, and was also a sure sign that adding your landlord as an additional insured is kinda shady. By being additional insured, the landlord is given protection similar to if he were a named insured on your renters policy. 6 months ago. Here is a real basic example, Say I … It just means they get alerted if the policy cancels, as well as signifies they have a financial interest in your property. There's often confusion around the definitions of additional insured, named driver, and listed drivers on car insurance policies. What does “Additional Insured” mean? Without being named as an additional insured, a certificate holder is not entitled to any rights under the insurance policy referenced in the ACORD 25 (2010/05) certificate. As an additional insured, you're typically covered for claims from the named insured's negligence or from negligence committed jointly by you and the named insured. Additional Insured is generally a liability term that means that your liability insurance will also defend and indemnify the landlord in case they're sued for something that happens … Endorsements covering landlords as additional insureds typically exclude accidents that occur after you cease to be a tenant in the premises. When a property owner leases all or a portion of a building to a tenant, the property owner bears a risk that someone could be injured on the rented property while visiting the tenant. Additional Insured: A type of status associated with general liability insurance policies that provides coverage to other individuals/groups that were not initially named. That doesn't mean that your insurance is covering them for anything they are liable for, just for your action/inaction. Super common. That’s all well and good as far as damages … Maybe do a search next time? Now they are asking for the insurance stating that the landlord is additional insured. Many people ask why they should list their landlord as additional insured on their renters insurance policies. Additional Insured: A type of status associated with general liability insurance policies that provides coverage to other individuals/groups that were not initially named. In general, their rights and responsibilities will be severely limited compared to a Named Insured. This means that any driver not listed is not covered. As with most other types of policy, additional insured endorsements will be limited. Most insurance companies will not automatically add the landlord as an additional insured but it will do so at no additional costs to the tenant if asked. Should I totally nix the apartment? When you add your Property Manager as an Additional Insured on your landlord policy, it means that any coverage you have is extended to them. Additional Interest generally means the insurance company has to notify the additional interest if the policy is canceled or non-renewed - basically something to let the landlord know you're maintaining insurance. Question: We have an insured written on an HO4 renters policy. The landlord is providing furnishings or other household goods whose value is lower than his insurance deductible Otherwise, additional … Often, landlords will ask that you purchase general liability, often with a specific limit. They also exclude cl… The only reason the landlord should be listed as 'additional insured' is if one of the following conditions is in play: You're roommates or the landlord is live-in. After endorsement , … posted by dis_integration at 10:49 AM on June 11, 2017 My landlord requires us to prove we have coverage. This is to buffer my liability as the owner of the condo on a claim that I should not be liable for.". Covering your landlord as an additional insured. The standard ISO limits coverage to only those people or groups specifically listed in the endorsement as mentioned. It's not a big deal and most companies will do that no problem. There are two parties, NOT three. An additional insured endorsement may not provide coverage for claims due to your negligence alone. Which is better, additionally insured or additional interest, for the landlord. Additional Insured is out of Luck When Named Insured Does Nothing Wrong. Landlords and building owners commonly require tenants to name them as additional insured. Although an additional insured endorsement makes the landlord an “insured” of the tenant’s policy it does not cover everything. 2. That's a HUGE difference and they're voiding all the coverages they actually want to be able to access if they insist on this stupid becoming an additional insured. To start with, we believe that additional insured status is not what a landlord wants. We’ve written at length on additional interest vs. additional insured. If the landlord's rotten fence falls on someone visiting the tenant, that's one policy. No coverage would be afforded anyway right? Close. Hey! Here is a real basic example, Say I come over to your house and your dog attacks me. New comments cannot be posted and votes cannot be cast, Looks like you're using new Reddit on an old browser. A named driver policyonly covers drivers explicitly listed as named drivers on the policy. Almost every commercial landlord requires the tenant to maintain liability insurance and name the landlord as an additional insured. If the injured party sues the property owner, the landlord (or its insurer) might be liable for damages. I am about to sign my first lease solo and I found a nice apartment. Its absolutely legal. Additional Insured is most common terminology I’m used to. There is a place for insured (me) and mortgagee/additional interest. Isn’t that the same thing? But putting that aside for a moment, let’s take a look at some of the impacts of no longer being able to use a lease that requires additional insured on a tenant’s insurance policy. So, if the landlord is an additional insured on its tenant’s policy, the words, “Your acts or omissions” means the acts or omissions of the tenant. Is that correct if they never requested it? Adding landlord as "additional insured" to liability renter's insurance. Any and all insurance ----- maintained by Tenant as required by this Lease, or in excess of or in addition to that required hereunder, shall name Landlord and any mortgagee requested by Landlord as an additional insured(s), and shall use its best efforts to provide a waiver of subrogation from its insurance carrier. Insurance. I was under the impression renter's insurance was for our property inside the rental and to protect us if someone hurt themselves. This is his stated reason for asking this: "Additional insured is necessary for me as the condo owner to have the access to the liability on the policy so that if a claim is presented against me and it really is the result of the negligence of a tenant- that I have access to the liability on the renters policy. City v. I'm seeing online that this happens sometimes, but also reading that it's a very bad idea. We received a response as this is standard. The standard additional insured endorsement commonly issued to landlords (ISO CG2011) has recently … They don't want to receive money for your personal property. Can your spouse make a liability claim against you on your renters insurance policy? They want me to have these words put on my policy: "ABC Commercial Management Agent for Owners is included as additional insured. Reason for Coverage . My landlord is requiring that I obtain renters insurance and add them as an additional insured for me to renew for another year. Landlords feel this protection is like “a belt and suspenders.”. Would there be a conflict of interest if the tenant starts a fire. When, oh when, will commercial agents come to their senses and realize that they're hamstringing their clients with bad advice on this issue?! Press question mark to learn the rest of the keyboard shortcuts. What does this mean for us? This gives the tenant’s policy priority in paying for claims in which the tenant is at least partially responsible. The risk transfer is different with the different coverage form. There are some basic questions that property owners and landlords ask us in the course of doing business. You can have it read “landlord is named as additional insured in regards to general liability if required by written contract.” This is very narrow language and satisfies the requirement if its in your lease. The landlord should just need a certificate of insurance, and they are listed as a certificate holder. City v. Therefore, most landlords can expect to pay roughly $1,481 a year for landlord insurance. Your landlord wants to make sure that you keep the required insurance. Edit: make sure it's an additional insured for liability only, he doesn't have insurable interest in your belongings, Okay, but even in this case. If the tenant's dog dug a hole and the tenant didn't fill it in, and the guest broke their leg, then that's the other. Covering your landlord as an additional insured. As an Additional Insured, you can file the claim under Tenant #1 Renters insurance since they were the responsible for the claim. That means if your landlord somehow talks you into listing him as additional insured instead of additional interest, you may be out of luck if something goes legally astray. Just tell your agent they need to be added for "section 2 coverage" and they'll know what to do. Landlord-tenant laws generally fall under the jurisdiction of individual states. Basically you would have your policy provide protection to the landlord for their protection. There are even some options to add “Blanket Additional Insureds,” which cover any Additional Insured if required in a contract with the Named Insured. Why would our landlord need to be on that? An “additional insured” is a person or entity other than the named insured who is protected under the terms of the insurance policy sometimes referred to as the “loss payee. You are going to be liable for my medical bills because it was your dog in your home that hurt me. Subrogation allows my insurance to go after the tenant in an at fault situation. Additional insured is for commercial accounts, when the two entities are presenting as a united front - Like a subcontractor and a GC, or a Lessee and a Lessor in a commercial space in which the tenant has made as many modifications to the space as they wish. These days, it is very common for Property Managers to be listed as an Additional Insured on a landlord policy. That’s all well and good as far as damages to other people go, but there’s a serious problem here. I have never been asked to do this. Landlords and/or apartment complexes are commonly listed as interested parties on renters insurance policies. Is it a good idea? In Wesco Insurance Co. v. Travelers Property & Cas. “ Typically an endorsement to the policy is added to cover additional insureds. Super common. There is a lot of ambiguity in the term "additional insured". Without the Additional insured status, you need to have tenant #1 file the claim, which they may not want to do. My landlord is requiring that I obtain renters insurance and add them as an additional insured for me to renew for another year. Additional Insured Endorsement Should Cover a Tenant's "Operations" A recent federal case shows that, when arranging additional insured (AI) coverage for a landlord, it would be a good idea to obtain an endorsement covering liabilities arising out of the tenant's "operations" in the leased space. Landlord as Additional Insured. B. Short Story: Landlords, clients, and business partners will want anywhere between a 10-30 day notice if your insurance carrier intends to cancel the policy before the designated expiration date. In other terms, Lienholders typically want to be put on an auto insurance in the same manner, to signify a financial interest. Co. of America, 2020 WL 6572489 (1st Dep’t Nov. 10, 2020), the New York Appellate Division found that a commercial landlord was owed additional insured coverage in connection with an incident in which a plaintiff slipped and fell on the sidewalk while exiting the leased premises.. So let me break it down for you. To start with, we believe that additional insured status is not what a landlord wants. The lease defines who is responsible for what and which policy applies. We were approved for a rental in San Bernardino County CA and it requires renter's insurance (which we would get anyways) but our landlord is requiring they be listed as an "addition insured for injury or damage" on the policy. With respect to the insurance afforded to these additional insureds, the following is added to Section III – Limits Of Insurance: If coverage provided to the additional insured is required by a contract or agreement, the most we will pay on behalf of the additional insured is the amount of insurance: 1. As the landlord they need to be buying their own coverage. Press question mark to learn the rest of the keyboard shortcuts. Most leases require General Liability, property, and additional coverages including an umbrella or excess policy. And, most companies have many different forms for adding additional insureds. Renter’s insurance - add landlord as “additional insured”? The additional insured coverage would provide coverage to your landlord … They're asking for something that's usual and customary for someone buying commercial coverage. In the realm of additional insured endorsement coverage cases in the landlord-tenant context, litigants often refer to rival lines of cases—Harrah’s Atl. However, the landlord is an animal and has a … The coverage afforded to an additional insured is limited to liability caused by the named insured. What happens if something he is liable for causes say my apartment to burn down? The landlord additional insured endorsement, along with the lease indemnity agreement, is designed to protect the building owner from liability claims that result from the tenant’s activities. Is there any way to keep the coverage I just got (without him listed - got a discount because I also have car insurance through the company) without naming him as he wishes? In other words, the tenant isn't covered against liability caused by the landlord's acts. Landlord/Tenant in residential is an adversarial relationship. They don't want to be listed as just an interested party, but an actual insured party which google tells me are separate things. Landlord as Additional Insured. Its absolutely normal. Or if I mess up and cause damages, can he bring a claim against me if we share insurance. provide for such additional insured. Commercial Tenant Insurance Requirements If you are renting a commercial building for business use, chances are that your landlord is going to require you to get an insurance policy before allowing you to sign the lease. I have clarified with him multiple times that this is what he means and that it would not suffice for him to be listed as an interested party. They will NOT receive money for your personal property. Some also like to know that if the place burns, you have coverage and won’t be coming to them for indemnity on your burnt stuff. The way they can do this is to be listed as additional insured/additional interest. You can have it read “landlord is named as additional insured in regards to general liability if required by written contract.” This is very narrow language and satisfies the requirement if its in your lease. The landlord wants to be an additional insured on the policy, who will be covered for any liability it incurs due to the acts of the tenant. What that does is it covers the landlord from your liability to a third party. The landlord, though an additional insured on its tenant’s policy, has coverage only if the claim is caused by its tenant’s acts or omissions. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. I know some of my carriers allowed landlords to be added as additional insured liability only. The policy added the landlord as an additional insured, but “only with respect to liability arising out of the ownership, maintenance or use of that part of the premises leased to [Capital One] and shown in the Schedule.” The lease defined the demised premises to … We get this question literally once a week here. It's and host of other claims. Reason for Coverage . Has any adjusters or agents had a problem when they listed the landlord as an additional insured in a claims situation? Which means they would go after the renters insurance company, and I am on the renters insurance policy. When a landlord is asking to be listed as "additional insured", what they are typically asking for is liability extension (sometimes called Section 2 Coverage). New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. For the general liability insurance coverage and policies required to be held by Tenant pursuant to this Section 9(b) Tenant shall name Landlord as an additional insured party, if permitted by the insurance carrier at commercially reasonable rates. Insurance. It is important to note that ‘Additional Insured’ and ‘Additional Interest’ are NOT the same thing. It shouldn't increase the premium so there isn't really a downside to it. He should have his own policy for his liability for suits brought against him directly. Interested party means they are notified of policy termination or if there is a loss. That can't happen if the landlord is listed as an additional insured. That's not what this is. This gives landlords, investors, or business partners who are added as an additional insured fair warning that they will no longer be covered as an additional insured under the policy. I could then sue the property management company because they allowed the situation to happen in their property. Based on the foregoing, and the absence of any allegation that any wrongful act or omission by the Tenant in the common areas contributed to the injury, Tenant and its insurer had no obligation to defend the injured party’s claim. I have never been asked to do this. To whom these labels apply — and what they protect — may vary substantially. With respect to the insurance afforded to these additional insureds, the following is added to Section III – Limits Of Insurance: If coverage provided to the additional insured is required by a contract or agreement, the most we will pay on behalf of the additional insured is the amount of insurance: 1. Additional interest is what they should be, not an additional insured. It means different thing to different industries and even different departments in an insurance company. Most reputable insurance companies understand that adding an Additional Insured is in their client’s best interest and will do so upon request for little or no additional cost. In addition, Tenant’s liability policy naming Landlord as an additional insured only covered the premises and did not extend to the common areas. Make sure it is only for general liability. Landlords and building owners commonly require tenants to name them as additional insured. Seems unusual to me - landlord should have his own liability policy. They are added to the policy by endorsement, and the protection that they are afforded will vary depending on which policy form is used to add them. In the lease there is a clause in the insurance portion that states: "Tenant shall obtain liability insurance, in an amount not less than $50,000.00, naming Landlord, and, if applicable, Property Manager as additional insured for injury or damage to, or upon, the Premises during the term of this agreement or any … Usually premium isn’t even that much in difference. Your liability policy should protect you should you be sued for a dog. For example, a landlord in a commercial building will often require that a tenant have the landlord named as an additional insured on the tenant's insurance policies. If anyone, from a landlord to a contractor or even a roommate, asks to be added to your renters insurance as additional insured, make sure you fully understand what that means under the terms of your own policy. It's definitely normal for reasons others have told you. Is my intuition correct that this is very suspicious activity? Wouldn't this mean they themselves get coverage from our policy like they live in the home? I read some previous posts here about the same issue and it seems that there are some mixed opinions on this, but the prevailing opinion is that it is a bad idea. To protect your company against these claims, you should purchase a liability policy. The mistake lies with the landlord, not the tenant. How to add your Property Manager as an Additional Insured. The landlord additional insured endorsement, along with the lease indemnity agreement, is designed to protect the building owner from liability claims that result from the tenant’s activities. When a landlord is listed as an Additional Insured on the Tenants Renters insurance policy, the landlord then has the right to file claim directly with the insurance carrier. I am nervous about things like him making claims in my name, and or us having issues with liability. We are looking to rent a house. The landlord of the home we were interested in renting is requiring us to add her as additional insured (not additional interest) to our renters insurance policy. 13358 The California Court of Appeal, Second Appellate District, affirmed Gemini Insurance Co.’s motion for summary judgment in a lawsuit brought by Gemini seeking reimbursement of a paid property damage … This just shows the coverage you have, and it will entitle them to receive any notifications if your policy cancels for non payment, etc. It NEVER WILL BE. 1. 3. Here are some other factors that affect the price of your landlord insurance: Security features Age and condition of the property When we sent an email questioning. I live in a condo, and my landlord (a commercial real estate company) is requiring me (and all other tenants) to name them as an insured on my renter's insurance policy. The only problem is one of the landlord's demands is that he be listed as an "additional insured." Permissive useis not honored in this situation, so it is not advised that you loa… I am looking over my policy and I am not seeing a place for additional insured. For instance, many businesses satisfy lease requirements by insuring their landlord under their liability policy using a standard ISO additional insured endorsement. The higher cost is because insurers are taking on additional risk for landlord insurance because of the presence of renters. The tenant’s general liability insurance policy should include an additional insured endorsement for the landlord as well as citing them on the declarations page as a loss payee. One of the most common reasons for providing additional insured coverage is a contractual requirement. So that "additional insured" would extend your policy to defend the property management company. The landlord and the property management company want to be included as additional insureds in … What that does is it covers the landlord from your liability to a third party. However since you stared that you clarified this with the lessor it sounds shady as a lessor to do so. By being additional insured, the landlord is given protection similar to if he were a named insured on your renters policy. Tell your agent they need to be added as additional insured liability only covered if he was brought you. Renter 's insurance terms, Lienholders typically want to proceed but worth a try your... Their renters insurance policies on renters insurance policies prove we have coverage which policy.! There be a conflict of interest if the landlord from your liability policy to signify a interest... The decision if they will be limited required both landlord and tenant to obtain commercial insurance. 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