Multiple residence property owners have the daunting task of monitoring and satisfying the needs of a number of tenants. This comes with a slew of specialized risk management concern as well. Ownership of residential properties such as apartments, condominiums, and student housing creates a series of unique risks. As such, some research may be in order to procure the appropriate insurance for the properties being managed. Because different types of properties have different types of exposures, ensuring adequate limits and proper coverage can be challenging.
In addition, there may also be a need to keep track of multiple projects and policy expiration dates, which can be extremely overwhelming. That’s why it’s important to have a specialist to aid in finding the right types and amounts of insurance.
The basic insurance needs for anyone owning Habitational properties is general liability coverage, in case of tenant injury or losses caused by: fire, … Read More