On a liability policy, a lessor may be added as additional insured with respect to premises leased, equipment leased or vehicles leased. On a property policy , a party with financial interest may be added to protect their financial interest in the property insured. Automobile Physical Damage Loss of or damage to an automobile. Automobile physical damage coverage is provided by comprehensive and collision coverage in an auto policy. Comprehensive provides coverage for losses caused by events, other than collision, including fire, theft, vandalism, and windstorm.
Collision provides coverage for losses arising from a collision with another vehicle or object.
Bodily Injury Liability Liability for injury to the body of a person, including sickness, disease, or death. Certificate of Insurance Proof of insurance coverage issued by an agent or insurance carrier. An insurance policy designed to cover bodily injury or property damage claims and related expenses, that the insured may become legally obligated to pay, as a result of the insured's operations. Endorsement Clause or language that extends policy terms, coverages, or conditions beyond the scope of the basic policy provisions. Hold Harmless Agreement Contract provision under which the potential legal liability and defense of one party for damages payable , for some future loss, is assumed by another party to the contract.