LA JOLLA, Calif., Oct. 5, 2017 /PRNewswire/ -- Prospect General Insurance Agency ("Prospect General") is pleased to announce the California launch of its Tenant Legal Liability program.
The Tenant Legal Liability program provides innovative coverage to owners of apartments and other residential rental dwellings that protects them against accidental physical damage caused by tenants. This product allows the landlord to obtain competitively priced coverage against tenant caused frequency losses without having to force their tenants to buy HO4 policies. The product also aids in the procurement of the landlord's habitational package policy as tenant caused damage is no longer a major exposure.
While California is the first state to feature this product, Prospect General intends to expand the product to all 50 states.
"Habitational producers have had very positive reactions to this new program and feel that it will be beneficial to their clients. The product not only offers the requisite coverage but also removes the hassle of tracking tenant purchased HO4," said Prospect General Executive Vice President, Graham Doran.
Tenant Legal Liability is an admitted product written through Response Indemnity Company of California.
For more information on Tenant Legal Liability, please visit:
About Prospect General Insurance Agency
Prospect General Insurance Agency (www.ProspectGeneral.com) is a Program Administrator formed to be an advocate for both producers and insureds. Prospect General seeks to provide modern-day solutions for traditional and emerging risks by working hand in hand with its partners to create highly desirable insurance products. The company is based in La Jolla, California, operates nationally and is a wholly owned subsidiary of Palomar Insurance Holdings.
Prospect General Insurance Agency
Phone: (619) 597-1188
SOURCE Prospect General Insurance Agency