28 May Specialty Liability Insurance for Property Managers
This coverage protects the property management company and or landlord in the event of an incident or claim caused exclusively by a tenant. Incidents that involve fire or water damage to the dwelling are common and can quickly become a financial nightmare. If a tenant has a grease fire on the stove and cabinets are burned and damaged or overflowing water causes the floor to buckle and split, you will report a claim and have to meet the deductible requirements of your primary coverage.
EIB offers coverage that can be tailored to your needs. This coverage is a sound solution especially in the event of a lesser incident or claim.
We are hearing from more and more landlords and property managers who now see the benefits and value to this type of coverage.