If you're confused about what an additional insured is and what it means, you've come to the right place. We'll share all the details so you can get back to cruisin'.
What's the Difference Between a Policyholder and an Additional Insured?
This term refers to the owner of the boat, also known as the Named Insured, who is the Policyholder.
An Additional Insured refers to any person or entity (i.e., not the Policyholder) that is afforded certain rights or benefits by the insurance policy. Coverage may be time-limited or may last over the policy's life. Additional insureds are often named on a certificate of insurance. Notably, the policy does not provide any coverage for liability caused by the Additional Insured. It only provides coverage for liability arising out of the use or ownership by the Named Insured.
Many marinas require that you (the owner) maintain liability insurance. The marina may want you to add them as an additional insured on your policy, providing them with coverage where damage or injury occurs and they are brought into a claim. In contrast, their own policy will protect them from liability arising from their actions. They will want to be notified if your policy is canceled and when it is renewed. SkiSafe automatically sends these notifications to an Additional Insured in addition to sending them an original Certificate of Insurance and a new one at each renewal of your policy.
How Is an Additional Insured Added To the Policy?
You can request the addition of an additional insured through the self-service portal on our website. You will be able to download and share the certificate of insurance.