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Updated almost 2 years ago,
Tenant's Renter's Insurance- Interested party same as additional insured for me?
Hello! I have a new tenant moving into my California rental home in about 24 hours. On his " Renter's Policy Declaration" with Lemonade Insurance, he has me listed as an "interested party". I asked him to list me as an "additional insured party". Are these 2 terms the same thing or should I try to get it changed I want to be sure the company tells me if he stops paying the premium. Also, if he causes a fire or other covered risk, I want to be sure his insurance is the main one to pay, not mine. Thanks!