is landlord liability insurance needed if already hired a property management firm?
I have aleady asked a property management firm to handle the rental for me. Do I still need to buy the landlord liability insurance?
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Tags: aleady, insurance, Landlord, landlord liability, liability insurance, property management firm
6 Responses to “is landlord liability insurance needed if already hired a property management firm?”
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Yes, you certainly need insurance. The management company will only insure itself against errors made on ITS part, not on your part.
YES. Your liability insurance is your responsibility & has little to do with the manager. They need to be named on it & need a copy of it but you are solely responsible for getting it set up & paying it.
u or the PM needs it; but it is needed with you as the beneficiary
Well yeah, their insurance is for E & O. You need insurance for the property, they do not insure it in any way.
You can compare home insurance rates and services from different insurers here – homeinsurance.awardspace.us
Regards for helping out, wonderful information.