What Is The Difference Between An Insurance Certificate Holder and An Additional Insured?
Let’s review: an insurance policy is a contract between the insurer and the policyholder. This contract outlines the responsibilities of both parties and details what the policy will cover in the event of a loss or claim. An insured is someone who has purchased coverage from an insurer, but there are different types of insured individuals that you need to be aware of when you are buying an insurance policy.