Is it ever possible to remove the named insured from an insurance policy?
The quick answer is yes, it is possible to remove the named insured from an insurance policy. But first, let's talk about what a named insured is and why they are so important to an insurance policy.
A named insured can be a real person or any other legal entity (such as a corporation) that is named specifically on the insurance policy and is, therefore, eligible to receive payments or protections under that policy (learn about other Key Elements of an Insurance Contract). Being named specifically on the policy is what sets named insureds apart from other entities that are insured under the policy but not "named." For example, your child is considered "insured" by your automobile insurance policy even though they may not a named insured. As long as they are authorized to operate the automobile, they will have coverage.
While different people can be considered insured by the policy, named insureds are different because they have certain legal rights and responsibilities under the policy that other insureds do not in virtue of being the ones who essentially "own" the policy. As a result, only a named insured can authorize changes to the policy.
There are also situations where one named insured would be listed as the first or primary named insured. Depending on how your policy is worded, the first named insured may be the one to control the policy and make changes to it (see Who Is a Named Insured? to find out more).
As a result, yes it is possible for remove a named insured from the policy at any time provided there is still at least one named insured remaining on the policy. It is as simple as contacting your insurer, agent, or broker and requesting the change.
That being said, if there are many named insureds with none being considered the first named insured, the insurance company may check with the other named insureds to get their approval first. As a general rule, I do not recommend removing a named insured without their prior consent.
Written by Jacques Wong
Jacques grew up around the insurance industry and began actively participating in 2013. Since then, he has gotten a Level 2 license, won Insurance Council of BC awards in 2015 and 2020 for academic excellence in the insurance licensing courses. He educates insurance professionals through PNC Learning and as a Thought Leader at ReFrame Insurance.
In his day job as an insurance broker, he helps businesses with creative risk management solutions and strategic advice when it comes to insurance.
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