Insured, interested and noted Where is the difference?

Insured, interested and noted
Where is the difference?

It is typical of commercial and retail property leases that tenants insure their fixtures and fittings, stock and contents and public liability risk. It is also often the case that the coverage of the insurance be extended to third parties, such as the landlord. Tenants may seek to discharge this obligation by having their landlord covered either by: naming them on the policy as a “Named Insured”; protecting them under the policy as an “Interested party”; or having their interest in the proceeds of the policy “noted”. Named insured Where a landlord is…Read more