Lessors Contingent Excess Insurance: Real Claims Examples
Quick Answer
Real-world Lessors Contingent Excess Insurance claim scenarios showing what was covered, how much was paid, and lessons for business owners.
Comprehensive FAQ, cost guide, and claims examples for lessors contingent excess insurance — coverage for rental property owners above primary coverage.
Coverage Summary
Lessors contingent excess insurance provides additional liability coverage above the tenant's primary policy for rental property owners.
Tenant Liability Exceeds Primary Coverage
Industry: Real Estate
A tenant's liability claim exceeded their primary policy limits, leaving the landlord exposed.
Claim amount: $200,000
Outcome: The lessors contingent excess policy covered the amount above the tenant's primary policy.
Lesson: Require tenants to maintain adequate primary coverage and verify certificates annually.