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Updated 2 months ago on . Most recent reply

Account Closed's profile image
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Account Closed
  • Investor
  • from Houston, TX
  • Member since Jun 24, 2017
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Account Closed
  • Investor
  • from Houston, TX
  • Member since Jun 24, 2017
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Account Closed
  • Investor
  • Houston, TX
2
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20
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Managing Your Property

"Additional Insured" clause in PM contract

Account Closed
  • Investor
  • Houston, TX
Posted

Hi, 

The PM company we signed on has a clause to add them as 'additional insured'. Is this something OK to do? Any risks?  Any insights please? Thanks in advance.

Houston, Texas
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Dominic Mazzarella's profile image
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Dominic Mazzarella
  • Investor
  • from Hendersonville, NC
  • Member since Dec 20, 2016
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Dominic Mazzarella's profile image
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Dominic Mazzarella
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  • from Hendersonville, NC
  • Member since Dec 20, 2016
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Dominic Mazzarella
  • Investor
  • Hendersonville, NC
144
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Dominic Mazzarella
  • Investor
  • Hendersonville, NC
Replied
Quote from @Account Closed:

Hi, 

The PM company we signed on has a clause to add them as 'additional insured'. Is this something OK to do? Any risks?  Any insights please? Thanks in advance.


This is standard practice in the industry. It would raise a red flag to me if they didn’t have this clause in the contract. 

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