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Additional interest refers to a person or entity that has a financial investment in an insured property but is not the primary policyholder. This designation is commonly used in insurance to recognize individuals or organizations, who may want to be informed about the status of the coverage.
For example, if you have a mortgage on your home, your lender may be listed as an additional interested party on your Homeowners insurance. This means they will receive notifications about any changes to the policy, such as cancellations or lapses in coverage.
At PSIC, you can add people or organizations as additional interested parties on the declaration page to protect everyone involved in the purchase of a house. This way, those who care about the property will be informed and can take any necessary actions if needed.
It’s important to remember that communication is key in any financial relationship. By adding an additional interested party, we ensure that everyone stays updated on important changes, helping to create a more secure and transparent process for everyone involved.
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Copyright © McGraw Insurance Services, L.P., Delaware L.P., 5515 E. La Palma Ave. Ste. 150, Anaheim, CA 92807, License 0K06900 / National Producer No. 17486061 The insurance policy, not the contents of this website, forms the contract between the insured and the insurance company. The policy may contain limits, exclusions and limitations that are not detailed on this website. Coverage may differ by state.
Privacy Notice at Collection for CA employees
Last updated: June 27, 2023
We take the privacy of our employees and applicants very seriously. Please read this notice carefully as it contains important information on the personal information that we collect, why we collect it, how long we keep it, and that it is not sold to third parties.
Other terms used but not defined will have the meaning set forth in the CCPA, as amended by the CPRA, Cal. Civ. Code §§ 1798.100—1798.199.100, and accompanying regulations set forth under Cal. Code Regs. tit. 11, § 7000 et seq.
Categories of Personal Information Collected
Purposes for Collecting and Using Your Personal Information
Managing Human Resource Functions:
Conducting business operations:
Monitoring:
Compliance with:
Investigating:
We will not retain your personal information for longer than necessary for the purposes set out in this notice. Different retention periods apply for different types of personal information.
When it is no longer necessary to retain your personal information, we will delete or anonymize it.