What does Additional Interest mean? Read on to discover the definition & meaning of the term Additional Interest - to help you better understand the language used in insurance policies.
An additional interest, in the context of insurance, refers to an uninsured third party named in an insurance policy as having an "interest" in being notified if the policy is ever canceled or modified. While this party is made aware of changes, they do not receive any coverage whatsoever.
We hope the you have a better understanding of the meaning of Additional Interest.