More than 70% of all claims made against the master insurance policy are caused by the tenant
In the event of accidental damage caused by a tenant, the owners/investors may be exposed
Approximately 63% of tenants are not in compliance with insurance requirements by not having insurance, not enough coverage or do not have the proper endorsements**
Having the correct type and limits of insurance is important for Risk Mitigation, but it’s a complex and time-consuming process….let EzCOITrackertm handle it.
Apartment Complex
Fire officials said that the massive three-alarm fire at a Crystal Lake apartment building early Wednesday morning was caused by an unattended candle and damage is estimated at $3.5 million. The Crystal Lake Fire Rescue Department responded at 3:02 a.m. Wednesday to a report of a structure fire in the 500 block of Devonshire Lane.
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Tenant starts kitchen fire
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Tenant's dog bites neighbor
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Loss of rent from fire damage caused by tenant
Condo Complex
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Unit owner starts fire & damages building
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Unit owner is assessed property deductible
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Water from the unit owner overflows into other units
Office building
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Business owner/employee gets hurt while working
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Business employee’s cigarette starts fire
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Business customer slips & falls in office
Strip Center
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Tenant breaks plate glass
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Tenant/employee falls while at work
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Tenant/customer gets hurt
Marina
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Boat catches on fire and damages dock
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Boat leaks oil into water causing pollution
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While docking, boat damages dock
