Authorization To Add Property Management As Additional Insured
Download Property Management Package
The Additional Insured verbiage on a homeowner’s policy simply means that the coverage is extended not only to the owner of the property but also to the listed agent or Management Company. One of the most important reasons landlords hire a property manager is to help limit exposure to and manage the inherent risk of owning rental property.
Experienced and well informed management firms are increasingly requiring the property owner to add the Property Management Company as Additional Insured on the owner policy. While often overlooked out of convenience or misinformation, it is a very important element of an overall risk management strategy not only for the property management company but also for the property owner. When a property manager is hired they take on almost all of the responsibilities as if they were the homeowner. As such, if something were to go wrong, such as personal injury, the Property Manager is often the target, in place of the owner, of any resultant litigation.
For this reason, almost all reputable property management firms have a strong indemnification and hold harmless clause as part of their management agreement. If the management company is properly listed as Additional Insured, the coverage will automatically be extended to both parties as needed.
Also Known As (AKA):
Property Management Additional Insured Form
Property Manager Additional Insured Template
Property Owner Additional Insured Sample
Landlord Additional Insured PDF
Add Additional Insured To Homeowners Policy
Landlord Additional Insured Endorsement
Authorization To Add Property Management As Additional Insured - PDF
Authorization To Add Property Management As Additional Insured - DOC
Authorization To Add Property Management As Additional Insured - WEB
Authorization To Add Property Management As Additional Insured - IMG
