Property management contract

[Marty Summers]

Guys, am I reading this right? The property management company is not gonna carry any liability if they are negligent and I get sued? Would you have this changed?   INSURANCE: It is Owner's responsibility to have coverage and to maintain property insurance coverage against any and all perils on the subject properties . Owner shall indemnify and save the Agent harmless from any and all costs, expenses, attorney 's fees, suits, liabilities , damages from or connected with the lawful management of the property by Agent or the lawful performance or reasonable exercise of any of the duties, obligations, powers, or authorities herein or hereafter granted to Agent. The Owner agrees to indemnify and hold the Agent harmless from any claims, debts, demands, suits, costs, or charges, including necessary attorney's fees in connection with or arising from the management of herein described property including necessary attorney's fees in connection with or arising from the management of herein described property (but for any claims that arise from an alleged lack of due care exercised by Agent) and from any liability for injury suffer donor about the premises by any person whomsoever. Owner agrees to carry liability insurance in limits of not less than $300,000. Owner shall furnish a certificate annually that such coverage is in full force and effect at all times. Owner agrees that at all times during the continuance of this Agreement , all bodily injury, property damage and personal injury insurance and any other coverage carried by coverage carried by Property management company.