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Why are property managers involved in telling condo owners how much personal liability insurance they should have?

(Honolulu, Hawaii) It is understandable for this to come from a condo management association. Source:

It is standard for a condo association board to require owners to carry liability insurance, typically ranging from to cover accidents, injuries, or negligence within the unit, often protecting the association from lawsuits.

I live in a condo and own two units -- one I'm occupying and one that I was renting to my son. I have ample insurance on both. The association has always been fine with my insurance levels. My son recently moved out and I hired a property manager (unaffiliated with the association) to find me a tenant.

The property manager now wants much higher insurance levels that I have. What's going on here? What risk does the property manager incur to his business by my having a lower insurance level?

submitted by /u/Markdd8
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1s2sp3p/why_are_property_managers_involved_in_telling/
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