Insurance Brokers that Hold Themselves out As Specialists in Income Property are Responsible for Not Obtaining the Right Policy

Your insurance agent assumes an additional duty by holding himself out as having expertise in a given field of insurance being sought by you. For example if your insurance agent tells you he specializes in rental income properties he has a duty to obtain insurance that will cover you for foreseeable losses that a bare bones policy would not cover for the same losses. Your insurance agent’s failure to obtain insurance as a specialist for rental income property may be grounds to hold him responsible for losses caused by his negligence in not obtaining you the proper policy.

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