This product targets property managers specializing in either residential or commercial property management.
At least 3 years in operation or 3 years of related experience. No errors and omissions claims or disciplinary actions in the past 5 years. Property managers of homeowners associations, condominium associations. Revenue less than $2,500,000. Property managers that have equity interest in the property being managed.
Apartment, co-op, vacation property and individual home management. Shopping centers, malls, industrial and warehouse management. Up to $5,000,000 in revenue. 1 or 2 errors and omissions claims or incidents in the past 5 years. Property managers that are also involved in selling real estate located in Florida only.
A++ rated carrier. Coverage specifically tailored for property managers, not written on a miscellaneous form. Optional tenant discrimination coverage (for both damages and defense). Employment practices liability coverage available, with option to include managed Individual's Separate limits for each coverage part. Coverage for the management of the Insured's personally owned property available. Coverage available for involvement in real estate sales or appraisals. Additional Insured status automatically provided for any entity for whom the Named Insured Defense outside the limit of liability for Part A, Errors and Omissions and Part C (if $500,000 or Optional coverage for real estate sales. Full prior acts coverage available.
Errors & Omissions limits available up to $1,000,000. Tenant Discrimination limits available up to $250,000. Limit of only $100,000 is offered in EPL limits available up to $1,000,000. Retention's start at $2,500.
