Adding Co-Applicants, Additional Insureds, and Additional Interests to your policy
August 21 2024 8:35pmIf you would like to add a Co-Applicant to your policy, we’ll need a Signed Subscriber agreement; which we’ll send to you via HelloSign upon request.
If you would like to add an additional insured or additional interest to your policy, no additional documentation will be required.
Who’s who on your policy:
The Applicant or Co-Applicant must be a person who has an insurable interest in the property.
You have an insurable interest in something if you would suffer an economic loss if it were damaged or destroyed.
Examples: Person who owns the property, their spouse, or anyone else on the deed.
An Additional Insured is a person or organization who enjoys the benefits of being insured under an insurance policy, in addition to whoever originally purchased the insurance policy.
Examples: LLCs, trusts, and family members who also live at the property but do not have a financial interest.
An Additional interest is reserved for parties that have interest in the insurance of the property but do not have ownership.
Examples: Homeowner’s association or condo association.
If you are married but have not added your spouse to your policy/quote they cannot make changes to the policy/quote regardless of if they are on the Deed. If you are the primary applicant, we will need your explicit permission to add anyone else to your policy.
Additional Insureds and additional interests cannot make changes or updates to any policy including cancellation or non-renewal.