Owning a rental a long way from where you live usually means a property manager. That arrangement is sensible, and it does not move the liability anywhere.
A manager acts as your agent. Their errors are frequently still your exposure as the owner.
Three things about owning a property you are not the one visiting.
A property manager collects rent, arranges repairs and deals with tenants. The owner remains the owner, and a claim arising from the condition of the property is normally made against the owner regardless of who was supposed to be looking after it. Your policy is what answers, and the manager’s own insurance protects them rather than you.
Management agreements commonly require the owner to name the manager as an additional insured, and sensible owners ask for a certificate from the manager in return. Each side is protecting itself, and an owner who signs the first half without asking for the second has made a one-sided arrangement.
Small problems that an owner living nearby would notice can run for months under remote management: a slow leak, a failing roof, a tenant doing something the lease forbids. Gradual damage is excluded on these forms, so the loss that follows is frequently uninsured.
The paperwork around a managed property.
Usually an additional insured endorsement. Straightforward once we see the clause.
You should. It is a one-line request and most owners never make it.
It affects what a carrier will write and whether gradual damage ever gets caught.
Tell us who manages it and send the management agreement if there is one.
We get the additional insured wording right and tell you what to ask them for.
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