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joint-names-insurance-meaning Insurance issues explained in plain English. Some liability policies list multiple named insureds. Generally, a liability insurer will include multiple named insureds under a single policy if one person or company holds a majority interest in the others. What's on Practical Law? Furthermore, had the Employer taken out the insurance, the Insurers would not have been able to bring a subrogated claim against the Contractor because the Contractor was a joint insured and because the contract provided for an express waiver of subrogation rights.

One of the terms of the contract was that the Employer would take out joint names insurance in respect of the existing property in the names of itself, the Contractor and certain sub-contractors. The “Specified Perils” to be covered by the insurance included fire. Jan 23,  · January 23, One of the most common questions about home insurance is whether or not it a policy has to be in joint names. In short, the answer is simple: the home insurance can be just under one name if you like – the only drawback is only you will be able to deal with the home insurance (e.g. renew, make a claim etc). Jun 01,  · Multiple Named Insureds. Some liability policies list multiple named insureds. Generally, a liability insurer will include multiple named insureds under a single policy if one person or company holds a majority interest in the others. This means that one of the parties owns more than 50 percent of the others or that more than 50 percent of each named insured is owned by the same majority owners. 1.



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