Insurance Claim Administration. Manager shall provide timely written reports to Owner, and as further directed, in writing by Owner to the insurance carrier concerning all accidents and claims for damage relating to the ownership, operation and maintenance of the Property promptly after it is made aware thereof, and shall promptly prepare any reports required by Owner or an insurance carrier in connection therewith. A copy of any such reports above referenced shall be delivered to Owner's representative. Manager is not authorized to settle any claims with or against insurance companies arising out of any policies, 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.
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Samples: Property Management Agreement (Balcor Equity Properties Xii), Property Management Agreement (Balcor Realty Investors 84), Property Management Agreement (Balcor Realty Investors 85 Series Iii)
Insurance Claim Administration. Manager shall provide timely written reports to Owner, and as further directed, directed in writing by Owner Owner, to the insurance carrier concerning all accidents and claims for damage relating to the development, ownership, operation and maintenance of the Property Project promptly after it is made aware thereof, and shall promptly prepare any reports required by Owner or an insurance carrier in connection therewith. A copy of any such reports above referenced shall be delivered to Owner's representative. Manager is not authorized to settle any claims with or against insurance companies arising out of any policies, 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.
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