eResident Insurance

Company Overview

IMT’s Master Insurance Policy provides its residents a tenant liability insurance policy. Each community that offers this requires a $50,000 tenant liability coverage. Each resident is automatically opted into this program if they do not show coverage through another carrier. To know if your apartment/townhome community requires this coverage, please contact IMT.

Products

Tenant Liability Coverage – Only $11.50

Liability Coverage – $50,000

Each apartment/townhome community listed within this website requires a $50,000 tenant liability coverage. Each resident can enroll into this program or similar insurance coverage through another insurance carrier. For details of the policy, please refer to the Summary of Coverage found in the FAQS tab of this website. To know if your apartment/townhome community requires this coverage, please contact IMT.

Fire Prevention and Response

Fire prevention and your response to fires are both vital to saving lives.

Fire Hazards in the Home

Fire hazards in the home are preventable. Identifying these fire hazards and correcting them is the key to prevention. The top fire hazards are:

– Christmas Trees: ensure your tree is sufficiently watered to avoid a fire if there is an electrical shortage

– Candles: keep an open-flamed candle from plants, furniture, decorations or anything that can catch fire

– Kitchen Appliances: never leave an appliance on while you are away from your home

– Fireplaces: do not burn paper in your fireplace and make sure there is a fireplace screen to prevent sparks from escaping

– Space and Portable Heaters: always unplug these heaters and never leave them unattended

Preparedness

On a monthly basis, you should inspect your smoke detectors, inspect your fire extinguisher to ensure it is not expired, and review your plan of action in the case of a fire with all the occupants of your home.

During a Fire

– If your clothes are on fire: stop, drop and roll until the fire is extinguished

– Check closed doors before opening them by placing the back of your hand to the door. If the door is hot, do not enter the room and exit through the nearest window, if the door is cool, open it slowly to ensure your escape route is not blocked by fire.

– Avoid smoke inhalation by staying low to the ground.

For more information, please visit the following websites:

Firesafety.gov

NFPA.org

FAQs

Summary of Coverage

LANDLORD REQUIRED TENANT LIABILITY SUMMARY OF COVERAGE

NAMED INSURED (LANDLORD):
Investors Management Trust Real Estate Group, Inc. DBA IMT Residential
15303 Ventura Boulevard, Suite 200
Sherman Oaks, CA 91403

POLICY NUMBER:
CPIC-TLL-016

RESIDENCE PREMISES:
Rental housing or apartments (“Units”) owned or managed by the Property owner.

ADDITIONAL INSURED:
As long as the monthly premium payments have been remitted by the Named Insured for the covered unit, the residents of that unit shall be considered an Additional Insured during the coverage period

RESIDENCE PREMISES COVERAGE PERIOD:
Effective Date: As reported by Property Owner each month
Expiration Date: As reported by Property Owner each month

LIMITS OF LIABILITY:
Property Damage Liability lo Landlord: $50,000 Per Residence Premises Any One Occurrence

PREMIUM:
$11.50 Per Month

CLAIM REPORTING
Beecher Carlson
6 Concourse Parkway, Suite 2300
Atlanta, GA 30328

Phone: 1-844-277-6640
Website: tenantllclaim.com

This Summary of Coverage is not an insurance policy. This is a condensed summary of the terms and conditions of the Named lnsured’s policy. This document may not include all terms and conditions of the Policy. Coverage only applies for such monthly periods in which the Named Insured has reported and remitted the premium to the Insurer. Tenant may request a copy of a Policy by contacting their local property manager of the Named Insured shown above. Th.s is not renters insurance. This Policy does not provide liability coverage for bodily injury or property damage to others and only limited contents coverage. The lease agreement requires that the tenant maintain $50,000 in property damage coverage to the landlord’s property for which tenant may be liable
(tenant legal liability coverage) .

AGREEMENT: Insurer will provide the insurance described in the policy in return for payment of the premium by Named Insured and compliance with all provisions of the policy applicable to the Named Insured and the tenant respectively.

PROPERTY DAMAGE LIABILITY TO LANDLORD COVERAGE: If a claim is made or a suit is brought against the tenant for damages because of property damage caused by an occurrence to the insured location to which this coverage applies, Insurer will: (a.) pay up to the Limit of Liability for the damages for which the tenant is legally liable. Damages include prejudgment interest awarded against the tenant; and (b.) Provide a defense al Insurer’s expense by counsel of Insurer’s choice, even ii the suit is groundless, false or fraudulent. Insurer may investigate and settle any claim or suit as Insurer deems appropriate. Insurer’s duty to settle or defend ends when the Limit of Liability for the occurrence has been exhausted by payment of a judgment or settlement.

EXCLUSIONS: Property damage arising from: (A.) Ownership, maintenance, occupancy, operation, use, loading or unloading of aircraft, hovercraft, watercraft or motor vehicles. (B.) Expected or Intended Damage. (C.) Business activities. (D.) Bodily Injury. (E.) War or discharge of any nuclear, biological or chemical agent or weapon. (F.) Use, sale, manufacture, delivery, transfer or possession by any person of a Controlled Substance. (G.) Pollutants, Asbestos, Lead and Silicon. (H.) Fungi and Bacteria. (I.) Association loss assessment; (J.) Contracts other than the lease agreement; (K.) Property owned by any party other than the Landlord. (l.) Property rented to, occupied or used by or in the care of the tenant other than the insured location. (K.) Loss of rental income, rental value or business income.

ADDITIONAL COVERAGES: Insurer will pay the following in addition to the Limit of Liability: (1.) costs taxed against the tenant in any suit Insurer defends; (2.) premiums on bonds required in a suit Insured defend, but not for bond amounts more than the Limit of Liability. Insurer need not apply for or furnish any bond; (3.) Reasonable expenses incurred by the tenant at Insurer’s request, including actual toss of earnings (but not loss of other income) up to $250 per day, for assisting in the investigation or defense of a claim or suit and (4.) Interest on the entire judgment which accrues alter entry of the judgment and before Insurer pays or tenders, or deposit in court that part of the judgment which does not exceed the Limit of Liability that applies.

CONDITIONS: (A) Limit of Liability: Our total liability for all damages resulting from any one occurrence will not be more than the Limit of Liability. This limit is the same regardless of the number of claims made. All property damage resulting from any one accident or from continuous or repeated exposure to substantially the same general harmful conditions shall be considered to be the result of occurrence. (B.) Duties After Occurrence: In case of an occurrence, tenant will perform the following duties. Insurer has no duty to provide coverage if tenants failure to comply with the following duties is prejudicial. Tenant will help Insurer by seeing that these duties are performed: 1. Give written notice to us or our agent as soon as is practical. which sets forth: the identity of the policy and the Named Insured; reasonably available information on the lime, place and circumstances of the occurrence; and names and addresses of any claimants and witnesses; 2. Cooperate with Insurer in the investigation, settlement or defense of any claim or suit 3. Promptly forward to Insurer every notice, demand, summons or other process relating to the “occurrence”; 4. At Insurer request, help Insurer: to make settlement; to enforce any right of contribution or indemnity against any person or organization who may be liable to the tenant; with the conduct of suits and attend hearings and trials; and to secure and give evidence and obtain the attendance of witnesses; 5. No “tenant” shall, except al their own cost, voluntarily make payment, assume obligation or incur any expense. (C.) Suit Against Insurer: No action can be brought against Insurer unless there has been lull compliance with all of the terms of this policy. No action can be brought against insurer until the obligation of the tenant has been determined by final judgment or agreement signed by Insurer. {D.) Other Insurance: Coverage under the policy is excess over other valid and collectible tenant insurance except insurance written specifically to cover as excess over the Limit of Liability that applies in the policy. {E.) Coverage Period: Coverage under the policy applies only to property damage which occurs during a valid Coverage Period. The Coverage Period for each eligible residence premises shall commence upon the later of: the policy Effective Date; or the inception dale of the lease agreement between the tenant and the Named Insured for utilizing the residence premises; or such later Coverage Effective Date as reported by the Named Insured. The Coverage Period shall cease upon the earlier of: the policy cancellation or Expiration Date; or the termination or expiration date of the lease agreement between the tenant and the Named Insured for utilizing the residence premises; or such earlier Coverage Expiration Date as reported by the Named Insured; or such other cancellation date as precipitated by non-payment of premium or other valid reasons. (F.) Concealment Or Fraud: Insurer does do not provide coverage to a tenant who, whether before or after a loss, has: intentionally concealed or misrepresented any material fact or circumstance; engaged in fraudulent conduct; or made false statements; relating to any claim or the insurance coverage provided under the policy. (G.) Tenant is not a Named Insured: the tenant is not a Named Insured under the policy. The tenant is only an Additional Insured. To qualify as an Additional Insured, all premiums must have been paid for the Coverage Period for the residence premises. (H.) Cancellation: Only the Named Insured or the Insurer may cancel or non-renew the policy. (I.) Subrogation: We may require an assignment of rights of recovery for a loss to the extent that payment is made by us. II an assignment is sought, the tenant must sign and deliver all related papers and cooperate with us. (J.) Reporting and Remittance: It is the responsibility of the Named Insured to report Residence Premises and pay the monthly premium to the insurer. Failure by the Named Insured to report or remit shall void coverage. In the event that the tenant obtains personal liability insurance or renters insurance in compliance with the terms of the lease agreement, coverage for the tenant’s residence premises may be cancelled to such date with a return of any unearned premium.