Policy Help

AdditionalInterestsEdit

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
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