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Tax, SDIRAs & Cost Segregation

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Mark Updegraff
Property Manager
  • Investor
  • Rochester, NY
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Contract Painter's Insurance Coverage, is this enough? Thanks!

Mark Updegraff
Property Manager
  • Investor
  • Rochester, NY
Posted Mar 27 2010, 05:14

Hi All, Still relatively new to the game and want to make sure that this is adequate for an exterior paint job.

The insurance co faxed me the following (and is mailing a hard copy for my records):
Type of Insurance: General Liability
there is a X in the box for Commercial General Liability, and a X next to a box that has Occur (not sure what that means).
For Limits:
Each Occurrence $300,000
Damage to rented premises is blank
Med Exp (any on person) $1000
Personal & Adv Injury is blank also
General Aggregate $1,000,000
Products - Comp/Op Agg $1,000,000

I am named as the certificate Holder.

Does that all seem good? Are the limits OK? I'm not sure what they mean either, if anyone can clarify...

Thanks so much guys and gals, any insight on reading this Certificate of Liability Insurance would be greatly appreciated!!!

Mark

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