Tenant Legal Liability (TLL) Programs: A Growing Threat to Property Subrogation Rights
The Emergence of Tenant Legal Liability Programs A new insurance product has emerged in the multifamily/rental housing industry that could impact insurers’ subrogation rights: Tenant Legal Liability (TLL) insurance and Tenant Liability Waivers are becoming increasingly common as apartment owners seek to ensure coverage for tenant-caused property damage without relying on tenants to directly purchase…