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.
Insuranceopedia explains Date of Issue. The date of issue may be the same as the policy date, or the date indicated on the policy, but it is not necessarily the same as the effective date, or when the policy comes into force. Policyholders should carefully read their policy to ensure they know when their coverage comes into force and what exact dates apply to the terms of the contract.