Adding Property Management Company To Insurance

[Kyle Johnson]

I was told all of a sudden I had to add my PM to my insurance. My PM is under new management. After doing some research online all the articles that are for adding your PM to your insurance are written by other PM companies. I wanted to get an owner's perspective about adding your PM as an Additional Insured.

What's the owner's benefit in doing this? From what I can tell you are just saving the PM company headaches and helping them out in case anything goes wrong.

Thoughts?