The tenants have two choices: provide documentation they are carrying liability insurance or sign up through our office and pay the $12 insurance fee with rent monthly. The insurance coverage provided through WPM covers tenant-caused fire and flood with a zero deductible.
❱ Owner agrees to cause the Property to be continuously insured under a property policy providing coverage against the perils of fire and extended coverage. Owner also agrees to cause the property to be continuously insured under a general liability policy insuring against liability for injury to or death of a person or persons and for damage to property occasioned by or arising out of activities or negligence of the owner as well as any tenant or their guest, with coverage in a minimum amount of one million dollars ($1,000,000.00).
❱ Owner shall name “Simcock & Simcock Investments, LLC” dba Windermere Property Management as an additional insured on the Insurance policy.
❱ Owner shall have included in all policies of fire and extended coverage insurance with respect to the Property a waiver by Owner’s insurer of all right of subrogation against Windermere Property Management or its agents in connection with any loss or damage insured against.
❱ Owner agrees that Owner shall not be entitled to recover twice for the same injury. Therefore, to the full extent permitted by law, Owner waives all right of recovery against Windermere Property Management or its agents for, and agrees to release Windermere Property Management and its agents from, loss or damage to the extent such loss or damage is covered by valid and collectible insurance in effect at the time of such loss or damage.
❱ Owner shall provide Windermere Property Management with certificates evidencing required insurance coverage upon commencement of the property management contract and then again 30 days prior to each policy renewal.
❱ Coverage shall be placed with insurance companies authorized to do business in the State(s) where the property is located and shall have an AM Best rating of at least A, VIII.
Windermere Property Management is requesting that upon signing the Management Agreement with the Owner that a certificate of insurance evidencing the above referenced coverage be sent to them at:
Windermere Property Management
22 E. Poplar St, Suite 204
Walla Walla, WA 99362
22 E Poplar St, Suite 204
Walla Walla WA 99362
Office Hours: M-F 9:00 am - 4:00 pm