Is Co Insured the Same as Additional Insured?

A named insured is entitled to 100% of the benefits and coverage provided by the policy. An additional insured is someone who is not the owner of the policy but who, under certain circumstances, may be entitled to some of the benefits and a certain amount of coverage under the policy.

Is additional insured the same as named insured?

An additional named insured is a person or business that is named somewhere else in the policy. An additional named insured will have the same rights as a “Named Insured” but typically won't be responsible for the premium.

What does it mean to be added as an additional insured?

In an insurance policy, an additional insured refers to anyone other than the policyholder who is covered by an insurance policy. Coverage might be limited to a single event or it could last for the policy's lifetime.