Please Note!
As a condition of management, my rental property insurance policy will be updated as soon as possible. Failure to comply will result in a $75 per unit fee for interim liability protection auto enrollment.
Claims may occur. When a lawsuit is filed over your property, you and your insurer will likely be named as primary defendants. RE/MAX Associates may also be named. In this case, their insurer will cover their claims and legal costs, but they may seek reimbursement from you through subrogation.
Listing RE/MAX as an additional insured avoids this costly situation by creating a unified defense under one insurer. This efficiently handles legal expenses and liability, reducing your financial exposure.
Verify that each policy meets RE/MAX Associates’s insurance requirements. Contact your agent if you need to make changes. Contact your agent to update coverage if the below requirements are not met. The effective date should be the desired date for RE/MAX to start.
Requirements:
1. Active landlord or rental property insurance policy.
2. Minimum General Liability - Occurrence limit of $500K.
3. W Ventures Inc. DBA RE/MAX Associates Property Management listed as additional insured (NOT Additional Interest). Mailing address: 228 Suburban Drive, Newark, DE 19711. Email: PolicyProof@obieinsurance.com.