What is Additional Interest Insured?

Concerning auto insurance, a party, such as a lienholder, who does not necessarily use the vehicle, but may nonetheless be named as an Additional Interest Insured and held liable for an accident involving that vehicle.

More On This Topic

Link to This Definition
Did you find this definition of Additional Interest Insured helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary