Want to learn more about managing the insurance compliance life cycle? Download our white paper above.
Doing what you’ve been doing is going to get you what you’ve been getting.
Property management and owners are requiring renters liability insurance at an increasing rate, in an attempt to alleviate the financial burden of tenant-caused claims. However, when a loss occurs, such as a fire or property damage, trepidation and panic may spread across the property management team. Far too frequently, the policy has been incorrectly documented or canceled immediately after move in.
Significant property damage can lead to claims affecting a portfolio’s loss runs for up to five years. Paying a 20% to 40% insurance premium penalty in a low-margin business is extremely hard to recover from.
Insurance compliance is key in mitigating resident risk. Click the button above to download “Resident Risk management for COOs: Managing The Insurance Compliance Life Cycle.”
Want to learn more about managing resident risk? Check out our other white papers here.