Typically, the mortgagee clause contains the name and address of the mortgage lender as well as the loan number. Pretty straightforward. You may also see the following letters or words contained in the mortgagee clause: ISAOA & ATIMA. These are the ones that give people trouble.
Be sure to update your mailing address information right away when you are moving so that you receive all the important mailed notifications from your insurance company. If you miss a renewal notice, it’s very easy for your policy to be canceled.
An additional insured is any person or company that you add to your insurance coverage. This is because some projects or contracts require policyholders to extend their liability coverage to other parties.
Additional insured are named on your certificate of insurance (COI) but only have access to your if you send it to them as an electronic or physical copy. Kathy Jones Agency makes this process painless and easy online.
2406 Park Avenue South Plainfield,
NJ 07080, United States of America