As a property manager in Fort Wayne, you keep properties running smoothly, but risks like tenant lawsuits or property damage can disrupt your work. At Myers & Hayden Insurance, we’re here to protect your business with property manager insurance that’s as dependable as you are. As your local Fort Wayne insurance agency, we deliver affordable coverage to keep your properties secure.
A tenant injury or a maintenance mishap can lead to costly claims. Property manager insurance in Fort Wayne, IN, shields your business, so you can focus on managing properties, from Allen to Noble County.
Who Requires Property Manager Insurance Coverage?
Essential coverage is necessary if you engage in these activities:
Industry-related lawsuits occur frequently, and lacking appropriate protection exposes your enterprise to avoidable risks. Clients expect proper insurance protecting their valuable assets while demonstrating your professionalism.
Property Manager Insurance Coverage Details
Standard coverages include property protection for physical buildings, general commercial liability, and errors & omissions liability. Beyond protecting buildings from common hazards like fire, coverage includes rental income replacement, sewer backup protection, tenant damage coverage, and pollution protection.
Property Management Insurance shields managers from negligence allegations and damages through professional liability coverage. Commercial general liability addresses neglect allegations resulting in bodily injury and property damage. Policies typically provide professional liability on a "claims-made" basis, activating when claims are filed and reported to insurers.
Property managers assume substantial risks for clients. Despite operating professionally, you remain vulnerable to the following claims:
| Claim Type | Description |
|---|---|
| Wrongful Eviction | You evicted a tenant without following proper procedures. The evicted tenant now files claims against you. |
| Tenant Discrimination | Prospective tenants claim you denied rental based on gender, race, or religious discrimination. |
| Resident Injury | Tenants or visitors sustain injuries from falls on your managed property. |
Contact us today for comprehensive property management insurance information.
For over 30 years, we’ve been Fort Wayne’s trusted partner for small business insurance. As an independent agency, we compare top insurers like Grange and Western Reserve to find you competitive rates and reliable coverage. We’re proud to support our Hoosier community’s property managers.
Finding the right insurance can be a daunting and confusing process. Reach out to us for help! We will review your unique risks in order to find coverage that’s perfect just for you.
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