Property Manager Wants to be Additional Insured or Co-Insured

[Arjun K.]

This topic has come up in past forums and on Google searches, but there seems to not be a definitive answer.

Basically, a PM wants to be listed as "additional insured" on a property. I assume this is so he can look to my insurance first if there ever is a problem (assuming that he carries his own insurance).

Other PMs have asked for this coverage as well. My current PM does not ask for this.

How "hard" a line should I put here? If PM refuses to budge, do I need to find a new one?

Thanks

[Joe Bertolino]

Kelli, Being named as an additional insured and a loss payee are two different things. AI status only relates to liability. A mortgagee clause and/or loss payee endorsement relate to the property and a PM doesn't have a insurable interest so they would not be included in any sort of property claim settlement.