You agree & understand that you are contracting with Stateside APM to provide Administrative Property Management Services which include the option to add property you manage to Stateside APM’ master insurance policies. The costs of which will be itemized on each invoice.
You have read, understand and accept the Building & Liability Insurance policy terms & conditions & agree to hold harmless Stateside APM for any reason including with regard to the suitability of the policy for your purpose, the amount of cover you choose or howsoever claims may be adjusted.
You further agree that it is solely your responsibility as the property manager of these properties to ensure that the owner is fully aware of the policy terms and conditions and agree to hold harmless Stateside APM should you fail to do so.
You understand that Full Terms & Conditions are available online at statesideapm.com/legal and agree to ensure that you will pass this on to the owner of every property that you add to this application.
You understand that the coverage offered by the Stateside APM programs does not replace E&O or General Liability insurance that your business should carry.
You further agree to hold harmless Stateside APM from any action arising out of your negligence as a property manager.
You understand it is your responsibility to notify Stateside APM of any change in property management and any change in occupancy status within 48 hours and agree to hold harmless Stateside APM should you fail to do so.
New properties may be added at any time, by notifying Stateside APM using its agreed procedures.
Policies may be cancelled at any time by notifying Stateside APM using its agreed procedures and a prorated amount of any premium paid will be refunded.
You understand that vacant properties must be inspected in accordance with the conditions of the program the property has been added to and secured in a manner suitable for the area they are situated, which may require the provision of additional security measures the cost of which shall be borne by the owner or property manager.
Failure to do so may affect cover and invalidate any claim and agree to hold harmless Stateside APM should you fail to do so.
Proof of value may be required for sums insured of $150,000 and above.
You authorize Stateside APM to collect payment for the selected options monthly by ACH from your nominated account.
You understand that payments by any other method may attract additional fees.
You understand and agree that should your payment fail cover for the properties covered by that payment will cease from the date of the last cleared payment and no claims will be accepted. You agree to hold harmless Stateside APM should your payment fail, and a claim is refused or denied as a result.
Stateside APM reserves the right not to accept payment if it is received after the due date of the invoice and whether to remove or add any properties.
You understand there is a $25 one-time setup fee applied to each property, for each product selected.
Applications take 48 hours to process. Expedited service may be requested for an additional fee but agree to hold harmless Stateside APM for any delay howsoever caused.
Payments by credit or debit card attract a 3.75% convenience fee. Payments by wire transfer attract an additional $25 processing fee.
If payment is not received by the date due, the service and coverage will be cancelled from the date of the last premium payment received. A $25 per property reinstatement fee may be applied for reinstatement.
Where cover has been requested, we agree to pay all premiums, setup and admin fees for the period cover is required.
You understand that Stateside APM’s master policies are monthly policies and if you pay for 12 months in advance it does not guarantee the premium will not change during that period. Should the premium change you understand you will have the option to continue and pay the additional cost, or cancel and receive a prorated refund of premiums paid.
All policies will commence from the Start Date indicated on your application unless we are notified in writing 48 hours in advance.
Start dates cannot be earlier than the application date.
You understand that all notifications regarding the property, cover, amendments, claims etc. must be made in writing, instructions by telephone or given verbally are not accepted and are not binding.
You agree and understand that Stateside APM cannot give and has not, given any advice as to the amount of insurance that you should purchase or to the suitability of the cover provided and agree that this is solely your responsibility.
You further understand that Stateside APM is NOT an insurance agency does not act as one and that they cannot advise on or procure any individual insurance policy for you.
Full details of the policy terms and conditions and claims procedures, together with any additional terms and conditions imposed by Stateside APM are available at statesideapm.com/legal.
These Terms and Conditions supersede all previous Terms and Conditions and are in addition to the policy terms & conditions. By submitting an application, you agree to be bound by the policy terms and conditions of Stateside APM and its insurance carriers.