NOT BECAUSE OF THE UNION, oddly enough, but because the company's insurance carriers have demanded it.

In this case, the listing agent’s carrier paid $39,000 to settle the case prior to trial and more than $50,000 in legal expenses.

Probably not, but it is a possibility if the carrier allows it.Hopefully, there was some advice in this long message.Best of Luck,Nick

Which carriers are your quotes from?

Property management is sue happy.E and O insurance carriers charge money with policies based on data they have learned over time just like car insurance.Usually when tenants and owners have an argument the attorneys say let's go after the property manager.Property management doesn't pay much,is a huge headache,and is sue happy.E and O knows PM is the highest form of litigation claims coupled with construction projects.When a broker sets up a PM company they are smart to keep a separate company so if sued they can shut it down without affecting the regular brokerage or their other assets.

It's a consideration, but it seems a lot of personal lines carriers won't even do a large number of rentals, at least that's what I found when calling around awhile back.

We can often reduce our cost by switching carriers every year or two.

I always find it really amusing because when I'm in Syracuse I hear all about how Rochester is really struggling (especially Xerox/Kodak) but Syracuse is on the way up (new hospital expansion, etc.)Meanwhile, if I'm in Rochester later that day, everyone will be talking about all the good things happening in Rochester (Universities expanding, new downtown project) and all the bad things happening in Syracuse (Carrier circle, etc.)This is the tough part about investing outside of a geographical area you know very well.

If a two carrier setup renders the umbrella suspect, then I'd have to make it work by paying more.

I'm an insurance broker and I shop with 30 A rated insurance carriers for the best rate.