|
Housing Crisis Could Fuel
Tenant Discrimination Claims |
|
As the mortgage crisis worsens, more people are being pushed out of their homes and into rental apartments. A consequence of the crisis could be a spike in tenant discrimination claims. Forced into difficult situations, already unhappy people could turn into disgruntled renters.
Property owners and managers are vulnerable to charges of discrimination by tenants-even if their business practices are impeccable. Markel's Tenant Discrimination Liability coverage can provide them with the protection they need. Details follow:
- Pay-on-behalf-of coverage for property owners and managers of residential and commercial rental properties.
- Coverage responds to allegations of discrimination in renting and leasing due to gender, ethnicity, sexual orientation or other discriminatory acts.
- First dollar defense. Covers fees and expenses incurred in defense of the insured.
- Coverage includes Fair Credit Reporting Act, class action lawsuits, claims brought by HUD or similar local authorities, punitive damages (where allowed by law) and public relations expenses equal to 2.5% of policy limit.
- Below minimum premiums are applicable to loss/incident free accounts managing up to 600 units.
- $1,600 for $500,000/500,000
- $1,860 for $750,000/750,000
- $2,000 for $1,000,000/1,000,000
- 24-hour turnaround on quotes through QuickSource Team.
Note: If you have a Tenant Discrimination risk and know the number of units managed or owned, ballpark pricing is accessible at the "Broker" site on our website, www.markelshand.com.
For more information about our Tenant Discrimination Liability coverage, please contact your regional Markel underwriter. |
|
| |
Send The Markel Files to your retailer!
Now, you can easily send this issue of The Markel Files, complete with your logo, to your retailers. Just click on the icon below to open the Markel Files in Word format, add your logo, save it, then use the "send to" function under the "File" menu of your PC. |
Would you like personalized brochures?
Personalized product brochures with your company logo and pertinent information are available to our brokers for the asking. If you're interested, you can place an order right now by clicking on the icon below.
|
Did you know...
There's a world of information about professional, DataBreach, employment practices, non-profit D&O, products, and tenant discrimination liability coverages that are offered through Markel on our public website, www.markelshand.com.
You can access all of our documents, including policy wordings and applications, marketing brochures, compliance and regulatory information, a listing of our upcoming continuing education seminars, descriptions of our product lines, and much more. To access our website, click on the icon below.
In addition, you can also access Markel Corporation at www.markelcorp.com.
|
Refer an associate.
If you have a colleague who does not receive the weekly Markel Files, but should, please let us know. | |