We occasionally receive inquiries from members regarding the differences between additional. insureds and additional named insureds under liability insurance policies. This document is. intended to address some of the major differences. Additional Insureds. Generally, additional insured status is required by an individual or entity when a named insured. has agreed to indemnify that party in a contract (e.g., customers or owners of property leased by. the named insured).
Effective Date. The start date of an insurance policy, or the date on which the protection of an insurance policy or bond goes into effect. Find the best companies and lowest rates. Please wait while we find the best Insurance options for you.
Maybe, maybe not. Your health insurance coverage start dateâalso called your planâs âeffective dateââis the day your insurance company will begin helping to pay for your medical expenses. Before that date, they wonât. In most cases, your effective date isnât immediate. In fact, depending on when you sign up for health insurance, your effective date could be more than a month away. The day your health insurance goes into effect depends on which half of the month you buy your plan.