The term named insured refers to the person or entity that is specifically designated and listed as the policyholder on an insurance policy. It is the individual or organization that purchases coverage. They have the rights and responsibilities outlined in the contract.
They have the right to make changes to the policy, file claims, and receive any benefits or payments in case of a covered loss or damage. They are also responsible for paying the premiums on time to maintain coverage.
Named insured can often add further individuals or entities to the policy as additional named insureds if they have a legal interest in the property or if they want to extend coverage to others.
In PSIC we refer to the person responsible for the policy as the named insured, but it is important to understand that it does not necessarily mean they are the only one with coverage. You can include additional insureds.
The named insured will receive access to login to My Portal where all the information related to the policy will be available, and will be able to modify the coverage. It is important to remember that the discounts also apply to the policyholder.
However, it is essential to communicate with your producer to understand the specific requirements and implications of adding additional people to your policy. They can provide guidance and help tailor the coverage to meet your unique needs, giving you the peace of mind that you have the necessary protection in place.
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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.
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Purposes for Collecting and Using Your Personal Information
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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.