In an increasingly litigious society, awareness of court cases, attention to detail, documentation and seasoned judgment are important measures to minimize exposure to law suits. With one in three real estate agents getting involved in litigation, choosing the right property Management Company is your first line of defense. Neither Desert Wide Properties, Inc. nor any property owners under our care have been successfully litigated against, other than minor security deposit disputes. Selecting the proper insurance protection . There is great variation in coverage of policies.
Most companies have what is known as an investment home policy.
Policies vary in kinds and numbers of deductibles for damage per incident. Some policies do not offer coverage during vacancies or stop coverage after a given number days of vacancy. Vandalism, drowning in pools, etc. are more likely during vacancies than during occupancy, so coverage is imperative. Our lease places the tenant on notice that they need to obtain their own renters policy to cover their personal belongings. We will help you ask the right questions of your insurance agent.