P.M.- E&O / Liability / Homeowners Insurance Questions

[Ray Williams]

If someone were onboarding with a new property management (PM), is it customary for the PM to be asked to be added additional insured to a homeowners insurance policy? It seems additional interested party is sufficient, given I am not insuring their actions. 

Additionally, as the homeowner are you asking to be added as additional insured/interested party to their commercial liability policies? 

[Michael Smythe]

@Ray Williams It is impossible for a PMC to get liability coverage on a property they have no ownership interest in.

So, just like your mortgage lenders, we need to be added as, "additionally insured". 

This alerts us to any changes, including cancellation, to the policy.