BP leases - Additional insured vs additional intrest

[Brad E.]

I've been using and old lease that another landlord gave me when I was getting started.  This year I decided to buy the Bigger Pockets state specific lease package because there were some areas in the old lease that I didn't feel comfortable with any longer.

I'm requiring renters insurance now and there is a section in the BP lease that covers this.  It specifies that the renter should add the landlord as an "additional insured".  The exact language as is below.

I've been reading posts about this on BP and elsewhere saying that landlords can't be "additional insured" on the policy, but instead an "additional interest".

I'm confused.   Can someone straighten me out?  Thanks.

From the lease: "Tenant shall, at Tenant’s sole cost and expense, obtain renter’s insurance covering the full value of all personal property of Tenant in the Premises, and providing liability coverage to Tenant in an amount not less than $_________, which policy shall name Landlord as an additional insured."

  

[Greg M.]

Lawyers and real estate agents wrote the lease, but they probably never contacted an insurance agent for the correct wording. After all, what's the difference between additional insurance and additional interest. They sounds the same. 🙄

You want to be an additional interest. 

FYI, being an additional insured can actually prevent you from being covered by the policy in certain circumstances.