If you add someone to your policy as an additional insured, it means they are protected by your policy's liability coverage. In fact, most renters insurance companies won't let you list your landlord as an additional insured at all. 'Additional insured,' on the other hand, is another person covered by your policy, and adding your landlord as an additional insured is a very bad idea - for you, your landlord and your insurance company. It's common to add your landlord as an additional interest. 'Additional interested' is simply another name for an interested party - someone who wants to know whether you have renters insurance. 'Additional interested' and 'additional insured' are two similar-sounding terms related to renters insurance that have very different meanings. The difference between additional interest and additional insured If you find a renters insurance company that charges more than a dollar or two per month to add an interested party, consider looking elsewhere for a better deal on renters insurance, as even a few dollars per month will add up to a significant increase in the cost of insurance. Your landlord will get a description of your renters policy via email or regular mail shortly after you add them as an interested party.Īdding a renters insurance interested party is typically free. You'll just need to provide your landlord's contact information, including their name, address and email. Most renters insurance companies, including State Farm, Geico and Lemonade, allow you to add an interested party online. Noting your landlord as an interested party on your renters insurance policy is straightforward, though the process may differ slightly by insurance company.

How do you add a renters insurance interested party?

If you have to buy renters insurance as a condition of your lease, noting your landlord as an interested party will provide them with proof that you've purchased a sufficient amount of renters insurance coverage. It's increasingly common for landlords to require tenants to purchase renters insurance, as it limits the financial liability of both the landlord and the tenant in case an accident occurs. Why do landlords require you to list them as interested parties on renters insurance? The difference between additional interest and additional insured.How do you add a renters insurance interested party?.Why do landlords require you to list them as interested parties on renters insurance?.

Renters insurance binder