I recently bought my first property that I am looking to rent out. I am working with a local property manger who requires me to have a general liability insurance in order to mange the property. I have the option to either purchase the policy on my own or be added to their master insurace for 13 bucks a month in addition to their property management fee.
In the contract it says:
"... In order to eliminate this headache for our clients, we’ve negotiated a volume rate as part of a Master General Liability Policy in the amount of
$1,000,000 per property. We will pay for you to be part of our policy for one month so you can determine if you would like to add us to
your policy or sign up for the coverage we provide. If you don’t send us the proper documentation within your first 30-days, we will add you to our Master General Liability Policy ..."
Does it make sense for me to be covered through their policy or should I go out and get my own?
