What are the risks in Property Management that a business or individual needs coverage for?

Typical claims issues that we see with property management are:

  1. Complaints of substantial property damage which involve diminished value of the residence.
  2. Failure to inspect property conditions and comply with safety regulations.
  3. Complaints of discrimination against potential tenants for not getting placed in a particular residence.

Even if someone brings a frivolous lawsuit against you, you may still incur significant legal fees if you don’t have E&O coverage.

Learn more about how to choose the right tenants and avoid lawsuits.

This blog/website is made available by CRES Insurance Services for educational purposes to give you general information and understanding of legal risks and insurance options, not to provide specific legal advice. This blog/website should not be used as a substitute for competent legal advice from a licensed professional attorney in your state. Claims examples are for illustrative purposes only. Read your policy for a complete description of what is covered and excluded.

When working with real estate clients with disabilities, agents need to be professional when identifying needs. Con… https://t.co/ShXH8LjhEQ Texas Real Estate Pros: Get superior $500,000 E&O coverage, Open House and Showings coverage, Seller's E&O, and Leg… https://t.co/ty0mcM14vZ