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Simple Lesson In Insurance
On June 30, my client closed on a 2 bdr/2 bath absolutely stunning unit on the 24th floor of ocean Walk Wyndham Resort. The minute I received the executed HUD from out-of-town Title Company, I scanned and e-mailed it to the Resort and asked them to expedite putting the unit into rental pool. The unit was an REO and was not on rental for a long time.
I then received the e-mail from the Manager, forwarded the requirements to the new owner, waited till he got the Insurance policy for the unit (Liability & Content), and on Friday afternoon I met the owner in the resort and took him to the manager. 4th of July weekend was coming, the resort was very busy, and the manager had to stay late to make sure the unit was ready to go on rental.
And on Tuesday I have received the following e-mail:
Hello Mr. Xxxxxxxxxxx,
After a little scrambling we were able to put your unit into the rental rotation.  Thank you again for allowing Extra Holidays to manage your unit.
On Sunday, July 4, 2010, Xxxxxxx, the guest staying in your unit, slipped and fell in the tub.  Paramedics responded to the ... more

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