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As Their Interests May Appear

As Their Interests May Appear (ATIMA)


As Their Interests May Appear (ATIMA) — a phrase added to insurance policies and endorsements to add others as insureds. The use of the ATIMA or similar phrases was clearly embraced by fire underwriters, particularly with regard to mortgage endorsements, as a way of matching coverage to the financial interest of a specified entity or person and avoiding violations of the policy condition relating to sole property ownership. The phrase "ATIMA" continues to surface today in builders risk policies, reinforced in part due to the language in standardized contracts commonly used for construction work. For instance, the American Institute of Architects General Conditions A201 requires the property insurance to include the interests of the owner, contractor, subcontractors, and sub-subcontractors in the project. The phrase is arguably unnecessary in builders risk policies as it can lead to unintended consequences and unnecessary litigation.

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