Question

property manager dawson was reviewing a property management agreement and was happy to learn that he would be indemnified for any losses due to tenant negligence. where is this likely found in the property management agreement?

Answer 1

This likely found in the property management agreement of Insurance provision.

Policy provisions are clauses in an insurance contract that specify the precise circumstances under which coverage is offered, for what sums, as well as exclusions and other limitations.

In layman's terms, an insurance policy is a contract between an insurance company and a policyholder that includes a guarantee to pay in the event that an insured risk harms an insured object (for example, a fire insurance policy would pay if fire damaged your home).

To avoid any uncertainty when it comes time to invoke the protections provided by the policy, it is crucial to ascertain precisely what is covered and under what circumstances, as with any contract.

Learn more about Policy provisions, here

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