Tag: Additional Insured

What is the difference between Additional Insured and Loss Payee?

Additional insured coverage and loss payee coverage can extend insurance coverage beyond the insured. Contractual agreements often allow for third-party coverage. A loss payee is different from an additional insured in that they can collect payments from the insurer. The general liability policy does not cover , but neither the loss payee nor the additional insured can change […]

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