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What is liability insurance

What is liability insurance



Ashoka Lion requires that our property management owners maintain the appropriate level of liability coverage ($1,000,000 per occurrence) to protect both the rental owner and our property management firm from law suit risk that come from property related liability risk. We request that our rental owners keep these policies in force during our relationship and that they name our firm as a additional insured on the policy and a certificate holder to insure that the policy remains in force during the entirety of our property management relationship with our owners in the Houston and Dallas area.

This video helps explain why liability insurance is important when you own rental property.