Policy Help
Additional Interests
The Additional
Interests section of the Policy Information page displays a list of
additional interests for that policy.
Add New Interest - This
option allows you to add additional interests to the policy if needed.
Note: A policy may or may not have Additional Interests.
They display only if they apply to a policy record.
An additional interest may be any of the following
types:
Mortgagee/Lienholder - The
person or entity to whom property is mortgaged; that is, the person who
extends credit to another based on the other party's possession of collateral
property. In Policy Terminator®, a Loss Payee and/or a Lessor should
be entered as a Mortgagee/Lienholder.
Certificate Holder - A
person or entity who has been provided written evidence showing that an
insurance policy or policies have been issued.
Additional Insured - A
person or entity, other than the named insured, who is protected by the
policy, most often in regard to the specific interest.
Other Party of Interest - Any
party other than a Mortgagee/Lienholder; Additional Insured; or Certificate
Holder who has an interest in the policy. For example, a third-party to
whom a Senior Citizen has designated to receive a copy of their policy
would be considered an 'Other Party of Interest'.
Click here for Additional
Interests Detail
Link to Policy Help Page
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