Property Preservation Service Insurance - Sample Claims - Mortgage Field Inspector Insurance, Foreclosure Cleanup and Maintenance Insurance, General Liaiblity Insurance, Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illi

Property Preservation Services Insurance Sample Claims
Mortgage Field Inspection Services Sample Claims
Foreclosure Cleanup Insurance & Trashout Insurance Sample Claims

Sample Claims - More Information

As with many professions, the lines between general liability risks, errors and omissions, and professional liability may be blurred. For this reason, it is important to purchase multiple coverages. The list of sample claims is only a small sampling of the potential risks in the industry and there are many more things that could put you and your business at risk.

Property preservation services and foreclosure clean up have become more popular as more vacant homes pop up around the country. We have access to insurance companies that write different types of policies for property preservation specialists. Too often we see policies that ONLY have general liability coverage when there are many other important coverages that are available on a policy. It is important to purchase a combination of policies and/or coverages to help reduce potential gaps in coverage.

Potential Property Preservation Specialist and Field Inspector Insurance Claims
Disclaimer: Hypothetical Claims situations - These samples are purely hypothetical and there is no guarantee that any coverage will be afforded in a similar event. Each claim must be reviewed by the appropriate claims department and carrier. You should not assume that a claim will be covered based on anything that you read on this page or this web site. These are just samples of things that could happen which could result in a claim being made.

A property preservation specialist accidentally leaving a window or door open resulting in others entering the property and then getting injured. Think about both the medical claim and the cost of legal defense.

An inspector misplaces important paperwork or fails to deliver it to the vendor on time and delays the sale of a property resulting in financial loss to a third party.

A property preservation service does not complete the necessary work at a property and the lender is unable to sell the property, resulting in a financial loss to a third party.

During a routine cleaning, an accidental fire occurs due to items left in a trashcan resulting in damage to the house where the property preservation service was working and to a home next door.

While cutting the lawn and doing light cleaning with water, someone walks by and falls, causing medical injuries and time off work to a third party. Expenses could include both medical bills for bodily injury and legal defense costs.

Failure to deliver photographs or a report on time result in a vendor losing the business of a major lender.

Other Risks:

Failure to accurately complete paperwork.
Failure to complete work on a property by a deadline.
Accidentally causing damage to property.
Accidentally causing bodily injury to a third party.

Property Preservation Insurance and Field Inspector Insurance:

Disclaimer: Of course, each claim is subject to review and this website in no way suggests that coverage would be provided under a specific policy. Contact us for more information regarding the different types of insurance.

NO COVERAGE IS BOUND, OFFERED, ISSUED THROUGH THIS ELECTRONIC COMMUNICATION, ALL POLICIES MUST BE UNDERWRITTEN AND APPROVED BY THE CARRIER. DO NOT CANCEL YOUR CURRENT INSURANCE.

Property Preservation Specialists Insurance, Mortgage Site Inspection Services, Trashout Insurance, E&O Insurance, General Liability Insurance, Small Office Insurance