Environmental liability: new insurance policies can help protect investors against unseen risk. (includes related article on environmental insurance): An article from: Journal of Property Management

This digital document is an article from Journal of Property Management published by Institute of Real Estate Management on November 1 1997. The length of the article is 2883 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Real estate management companies can be held liable for the contamination of their property even if the damage was caused by other parties. The Environmental Protection Agency (EPA) disregards indemnification agreements between the buyer and seller of a contaminated property and places the current owner lender and in some cases management company at the top of the chain of liability. Environmental audits are not very effective in protecting property owners and managers against the possibility of an environmental contamination claim. A better alternative is environmental risk liability insurance policies which provide protection against liability from laws mandating remediation. Insurance costs differ according to the scope of the coverage the risks involved and the insurance company.

Citation Details
Title: Environmental liability: new insurance policies can help protect investors against unseen risk. (includes related article on environmental insurance)
Author: Jim H. Dunn
Publication: Journal of Property Management (Refereed)
Date: November 1 1997
Publisher: Institute of Real Estate Management
Volume: v62 Issue: n6 Page: p54(7)

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