As an aggressive insurance producer I get to review and analyze the insurance policies of a lot of property owners/managers. What I have noticed is that it is typically 1 of 2 very different scenarios.
Some property managers have the same insurance policy for years, they are paying low premiums and are very happy with their broker, their policy and carrier. And then there are those who are paying premiums thru the roof, they are unhappy with their broker. They are basically unhappy with the insurance industry in general. They are just unhappy. Period.
After thoroughly analyzing the factors that cause this huge gap between the happy and the unhappy insureds I have seen a clear pattern of different methods of risk management, or perhaps it is their different perspective on the purpose of their insurance policy. Read more