Contractual Risk Transfer Helps Owners Cut Losses

Action helps to avoid time, money spent on ‘frivolous’ lawsuits, other legal expenses.

Michael Haydinger, Principal of First Montgomery Group, says he has heard this and other “frivolous” claims from residents over the years. Eventually, the risk of potential lawsuits convinced him to reduce his company’s exposure to loss and the corresponding costs associated with it by leveraging another party’s insurance policy.

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