Another Case For Good Investment Property Insurance
By Todd Foust, North Orange County, Anaheim Real Estate Brea Rea
(FOUST Team Real Estate)
Another Case For Good Investment Property Insurance A recent lawsuit, Koepnick v. Kashiwa Fudosan America, Inc. (2009) 173 Cal.App.4th 32, 92 Cal.Rptr.3d 453, is really important to investment property owners when considering their own insurance. In the case, the judge found the building owner 100% responsible for damages to a person who suffered injury within the building elevator. Even though the building elevator was independently contracted out for service, the ruling leaves the burden of responsibility on the shoulders of the property owner. The bottom line is that YOU, the property owner, are responsible for your property and everything that happens on it; regardless of who you contract it's management to, so take precautions and get appropriate insurance. Good insurance, includ...
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