2006-09-05 08:03:40 · 2 answers · asked by samroberts5127 1 in Home & Garden ➔ Other - Home & Garden
This trend is becoming more prevalent everyday. Many insurance companies purchase apartment complexes, commercial, retail, and office property as long term investments. They often own property management companies that manage the properties. They have long required that all but residential lessees carry casualty and liability insurance under the terms of their leases. Many are now requireing the same for residential units. Many offer attractively priced policies to their tenants. Seems like a scam, doesn't it?
So far, I am not aware of any residential management company that requires a tenant to purchase insurance from a particular company. The ones that I have seen specify the minimum coverages required, and while they may recommend a particluar insurance company, they will accept coverage by any company the tenant chooses.
Good luck with your insurance.
2006-09-09 04:57:39 · answer #1 · answered by exbuilder 7 · 9⤊ 0⤋
no sorry
2006-09-05 15:07:27 · answer #2 · answered by Anonymous · 0⤊ 0⤋