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Conditions for an insurance: Knowing who is insured | Legal insurance blog for property insurance



I have previously written on how the Tennessee Courts interpret an insurance contract and say that Tennessee courts have long agreed that "insurance is basically a contract." 1 Usually one of the first questions about an insurance is what is covered by this agreement? Is the fence covered by other structures? Is this computer personal or commercial property? "What" is very important. But asking who is covered by these insurance contracts can be just as important.

When asked who is the simplest answer "the insured." But deciding who is the insured is not always the straight answer you can get. wishes. "Insured" according to an insurance only indicates a defined term within the insurance contract. From policy to policy, the defined term may change. The explanation page may contain the policyholders' names, but many times the specific definition of "you" and "your" in the policy is decisive for who the contract actually applies to.

For example, a young man buys a home and the corresponding property insurance. Six months later, he finds the love of his life and marries her at Harlinsdale Farm in Franklin, Tennessee. Do the terms of the policy apply to the new bride? This is determined by the definition of "you" and "your". If he has an insurance policy with the following languages, then yes:

Throughout this insurance policy, "you" and "your" means the "named insured persons" shown in the declarations and, if a resident of the same household as you: (a) your husband; (b) your civil union partner; or (c) your domestic partner. 2

As mentioned above, the "named insured" does not always limit the contract application to only the groom who purchased the insurance and who is listed. In fact, the bride's name may never appear on the policy; however, she is still responsible for all terms of that policy, including any post-loss obligations.

Other policies may use an even broader definition, such as "

To determine who is covered by an insurance policy. As mentioned above, the bride, the trustee or the company representative would now be responsible for the tasks after a loss, for example to appoint an investigation under oath. However, these new individuals also have the rights under the policy, above all responsibility and personal property protection.

Being an unnamed party to an insurance contract does not in itself create further difficulties as the unnamed party also benefits from the same contract. However, a party must first know if they are one of these nameless parties, if they are & # 39; who & # 39; covered.
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1

Jamie Glass, Tennessee Court Interpretation of Insurance Contracts Property Ins. Blog (December 30, 2020) with quote Allstate Ins. Co. v.Tarrant 363 S.W.3d 508, 527 (Tenn. 2012) (Koch, J., deviating).
2 Farmers Smart Plan Home Policy Tennessee, Form 56-5650, p. 4
3 Patrick Wraight, You can not read insurance policies like any other INS. ACADEMY, https://www.ijacademy.com/members/courses/637/view/1


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