Common use of Insurance Claim Administration Clause in Contracts

Insurance Claim Administration. Manager shall provide timely written reports to Owner, and as further directed in writing by Owner, to the Owner’s insurance carrier concerning all accidents and claims for damage relating to the ownership, operation and maintenance of any Property promptly after Manager is made aware thereof, and shall promptly prepare any reports required by Owner or an insurance carrier in connection therewith. Copies of any such reports above referenced shall be delivered to Owner’s representative. Manager is not authorized to settle any commercial general liability, business auto or property claims covered under any of Owner’s insurance policies with or against insurance companies, including the execution of proofs of loss, the adjustment of losses, signing of receipts, and the collection of money, without the express written consent and approval of Owner.

Insurance Claim Administration. Manager shall provide timely written reports to Owner, and as further directed in writing by Owner, to the Owner’s insurance carrier concerning all accidents and claims for damage relating to the ownership, operation and maintenance of any the Property promptly after Manager is made aware thereof, and shall promptly prepare any reports required by Owner or an insurance carrier in connection therewith. Copies of any such reports above referenced shall be delivered to Owner’s representative. Manager is not authorized to settle any commercial general liability, business auto or property claims covered under any of Owner’s insurance policies with or against insurance companies, including the execution of proofs of loss, the adjustment of losses, signing of receipts, and the collection of money, without the express written consent and approval of Owner.