I’m reading this lease we have for a new property and both the property manager and the landlord want to be named as additional insured on our renters insurance.
I have no problem naming them as additional interests, but to name them as additional insureds doesn’t make any sense to me - maybe they actually just want to be named as interests, and don’t know the difference?
My understanding is that in a situation where the landlord and myself are named in a lawsuit, the LL’s insurance and my insurance will both be involved in the defense until the case settles or either one gets their name off the suit. Whatever the scenario, if necessary, one insurance can subrogate the other. However, as I understand it, if we’re both insureds on my policy, the landlord would not be able to collect from me under my liability policy because it doesn’t cover claims amongst insureds (although not sure if that includes additional insureds). Similarly, I and/or my insurance company would not be able to collect from the landlord because they would immediately file a liability claim with my insurance company, and obviously my insurance company would then deny my claim.
I just don’t understand the logic in wanting to be named an additional insured if they have their own insurance. Has anyone seen this/do other landlords do this?