There are myriad circumstances under
which an individual or company may seek to be added as an insured
under another's insurance policy. But how does that person or
company really know whether they actually became an
additional insured under that insurance policy? And if they
actually became an additional insured, how do they know that the
additional insured status that they obtained will actually provide
access to the insurance benefits that they are hoping for? This
article provides some practical information to assist with the
determination of whether additional insured status is an illusion
or a reality.
An insurance policy is a written
contract of indemnity between an insurer and an insured. The
"named insured" is the person for whom the insurance
policy is supposed to provide indemnity in the circumstance of a
covered loss. If a lawsuit is filed against the named insured with
respect to a potentially covered loss, it is the expectation of the
named insured
