AngelMG 0 Report post Posted November 20, 2003 When we lease/option we ask the seller to add us to their insurance policy as additional insured. What should we tell the seller to say to their insurance company if they ask why they are doing this or what relationship we are to them? Angela Share this post Link to post Share on other sites
MichaelC 160 Report post Posted November 21, 2003 The insurance company probably won't ask. But, if they do, tell 'em the truth. That the additional insured has an option to purchase at some time in the future. There is nothing wrong with that. The insurance company will be paying the same amount in the event there is a claim. As long as those premiums are paid, they don't care who the check is made to. Share this post Link to post Share on other sites
