What is an interested party for tenant insurance?

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  • Landlords can apply to be named as an interested party in your tenant insurance policy.
  • An interested person is informed if you modify or cancel your insurance.
  • An “additional insured” is a parent or partner who benefits from the same insurance coverage.
  • Check out the insider’s guide to the best insurance companies for renters.

Your landlord has insurance that covers the building and structure, but your property inside the rental unit is your responsibility. You can cover them with a renters insurance policy.

Renters insurance is not required by state law. In fact, only 37% of renters have tenant insurance, according to the Insurance Information Institute. Most renters only get insurance if their landlord requires it.

What is an “interested party” for tenant insurance?

Some landlords and property management companies require tenant insurance. If your landlord needs tenant insurance, more often than not they will also ask to be listed on your tenant insurance policy as an “interested party”.

An interested party is also referred to as an “additional interested party” or “designated third party”. The interested party cannot change your tenant insurance. However, they are notified if you make any changes to your policy or if you cancel it.

Additional interested party vs additional insured

While an interested party is also referred to as an “additional interested party” or “designated third party”, an “additional insured” is not the same as an additional interested party.

An “additional insured” is usually a living parent or partner, who receives the same benefits as the insured. You usually pay an additional premium for an additional insured.

You should not list your roommate as an additional insured, unless your roommate is a sibling or other family member. Roommates must have their own tenant insurance.

You should not register your landlord as an additional insured. Tenant insurance protects your property and your liability. Adding the owner could present a problem if the damage to your belongings was due to the owner’s negligence.

Why are the owners listed as an interested party?

Although the landlord is not responsible for your personal belongings inside the rental unit, he is responsible for the building and structures. If you cancel your renters insurance, it means that you have no liability coverage in case someone is injured in your accommodation, or if you cause a fire while cooking.

Renters insurance is a type of home insurance, known as HO-4, that protects tenants’ property against fire, storm, or theft. A tenant insurance policy has two main components: personal property coverage and liability coverage. It also offers “loss of use” coverage if your rental becomes unliveable due to damage.

How to add your landlord as an interested party

When filling out your home insurance application, most businesses will ask you if you want to list an interested person at no cost. You need the address and contact details of the owner or management of the building.

If not, contact your tenant insurance company to find out how to add your landlord or property management company as an “interested party” – not an additional insured.


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