Nick Kremydas attended the NAR Insurance Session at NAR NXT and he relays reports that insurance costs are increasing and claims against property managers are increasing, especially for criminal activities and security issues.
Property managers should ensure proper insurance and lawyer drafted documents requiring insurance and indemnification from the landlord owners.
This information is only accurate as of 11/08/24. You must contact SCR for updates and changes to this information after 11/08/24 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org)
This information is not legal advice. This information is intended only to provide general information and may not be relied upon as specific legal guidance. Legal counsel should always be consulted before acting in reliance on this information.