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What does party of interest mean on a renters insurance policy?
I just signed the lease to my new apartment. My landlord has asked me to list them as an interested party on my renters insurance. What exactly is an interested party on a renters insurance policy?
Natalie Todoroff · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Congrats on the move! An interested party on your renters insurance is someone who receives notifications if you change or cancel your policy. They also can be known as a third-party designee or an additional interest.
It’s completely normal for your landlord to ask you to list them as an interested party. Since your landlord requires you to have renters insurance, it’s an easy way for them to ensure you’re maintaining coverage.
Registering someone as an interested party is fairly simple. You can typically do it online through your online account or by phone. When using either method to add an interested party, an insurance company typically requires their name, address, and email. Since most insurance companies use e-documents, it’s an easy way for your landlord to receive your policy declarations and proof of coverage.
Once you provide their information, you should be all set!
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