Exploring the Managing Agent's role in property insurance: Poacher or gamekeeper?
In this IIL property investors lecture Paul Robertson explored how managing agents can influence risk and the divide between insurers expectations and the framework and tenants law affects managing agents actions.
Arguably there is a perception that managing agents are commonly reasonable for causing or exaggerating claims by their actions or inactions. But what is the actual role of a managing agent?
Paul explored the role of the managing agent, how they are bound by landlords and tenants law and the real implication of the difference between insurance principles and the requirements of acting within a leasehold framework. With real life examples, he will explore how a managing agent may be unable to comply with the obligations within a property policy imposed on the policyholder and which the managing agent is expected to control. These range from un-occupancy to inspection clauses through to risk mitigation and the effect of excesses.
By the end of this lecture members would have gained an insight into:
- The role of a managing agent
- How they are bound by landlords and tenants law
- How this differs from insurance principles
Simon Jones, Director, Quadra Claims Services Limited.
Registration & Security
IIL lectures are open to CII and PFS members
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For lectures held in The Old Library, Lloyd's pass holders may also attend and do not need to register
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