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. I'm seeing online that this happens sometimes, but also reading that it's a very bad idea. Landlords and building owners commonly require tenants to name them as additional insured. Is it a good idea? As an Additional Insured, you can file the claim under Tenant #1 Renters insurance since they were the responsible for the claim. 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. Has any adjusters or agents had a problem when they listed the landlord as an additional insured in a claims situation? When, oh when, will commercial agents come to their senses and realize that they're hamstringing their clients with bad advice on this issue?! Insurance requirements can be lengthy at many different times during the course of a lease. 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. Landlords and building owners commonly require tenants to name them as additional insured. In other terms, Lienholders typically want to be put on an auto insurance in the same manner, to signify a financial interest. Endorsements covering landlords as additional insureds typically exclude accidents that occur after you cease to be a tenant in the premises. In addition, Tenant’s liability policy naming Landlord as an additional insured only covered the premises and did not extend to the common areas. 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 only problem is one of the landlord's demands is that he be listed as an "additional insured." Hey! 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. 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. We received a response as this is standard. Press question mark to learn the rest of the keyboard shortcuts. Seems unusual to me - landlord should have his own liability policy. To protect your company against these claims, you should purchase a liability policy. When we sent an email questioning. They don't want to be listed as just an interested party, but an actual insured party which google tells me are separate things. We are looking to rent a house. The standard additional insured endorsement commonly issued to landlords (ISO CG2011) has recently … Its absolutely normal. It's definitely normal for reasons others have told you. You are going to be liable for my medical bills because it was your dog in your home that hurt me. We get this question literally once a week here. This just shows the coverage you have, and it will entitle them to receive any notifications if your policy cancels for non payment, etc. These days, it is very common for Property Managers to be listed as an Additional Insured on a landlord policy. I am nervous about things like him making claims in my name, and or us having issues with liability. posted by dis_integration at 10:49 AM on June 11, 2017 For instance, many businesses satisfy lease requirements by insuring their landlord under their liability policy using a standard ISO additional insured endorsement. My landlord is requiring that I obtain renters insurance and add them as an additional insured for me to renew for another year. 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. It means different thing to different industries and even different departments in an insurance company. 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). 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