Property Management agreements typically require that your property insurance lists your management company as an Additional Insured.
Why does my property manager need to be listed as an Additional Insured?
The property management company does not hold title to the rental property they are managing; therefore, they cannot acquire general liability insurance on the property to cover them for non-negligent lawsuits on your property.
Lawsuits are unpredictable; when your management company is listed as an additional insured on your rental dwelling insurance policy; both you and your property manager are covered.