EPL Tenant Discrimination Coverage

One of the biggest fears a property owner faces is that of being accused of tenant discrimination. Whether true or not, allegations that a property owner denied an application or mistreated a current or former tenant based on any of the following criteria can be costly.

  • Race
  • Religion
  • Gender
  • Disability
  • Familial status
  • National origin

Not only are damages, when awarded costly, but the legal fees involved in defending yourself can be crippling to the average landlord. Plus, it only takes a lawsuit filed against you, won or lost, to harm your reputation as a person and a property owner.

Most property owners, according to Insurance Business Magazine, don’t intend to discriminate. Many lawsuits arise when property owners create rules or regulations on their properties that tenants view as discriminatory. The fact that this is such a subjective situation is the very reason property owners, and managers need to have EPL Tenant Discrimination Coverage.

How Widespread are Tenant Discrimination Complaints?

In 2017, there were nearly 30,000 complaints reported in the U.S. This is how the complaints broke down for 2017:

  • 57 percent of complaints related to disabilities.
  • 19 percent of complaints related to race.
  • 9 percent related to familial status.
  • 8 percent were categorized as other.
  • 7 percent were based on gender.
  • 1.3 percent were based on religion.

As competition for good rental units rises, so has the number of complaints levied for discrimination against property managers and the owners. Purchasing EPL tenant discrimination coverage won’t eliminate a lawsuit, but it will help protect your finances.

How Can EPL Tenant Discrimination Coverage Help You?

You’ve worked hard to get where you are in life. You’ve invested hard-earned money to create rental units that are attractive, safe, and comfortable for your tenants. To know you could lose it all because someone found a rule too restrictive or felt it was created in an effort to discriminate, can make you rethink your investments.

EPL Tenant Discrimination insurance helps to protect your business and personal assets from the costs involved in defending yourself against discrimination claims and the expenses of judgments awarded against you.

What this means for you is that a charge made against you does not need to cripple your business or your family, financially, for life.

Do You Need EPL Tenant Discrimination Insurance?

Far too many people make the mistake of believing their existing insurance coverage will be sufficient protection for their needs if a discrimination claim is made against them.

Unfortunately, that isn’t the case. The failure to obtain the right coverage could cost you hundreds of thousands of dollars that most property owners can’t afford to lose.

Without specific tenant discrimination coverage, you could be on the hook for the full judgment amount awarded against you as well as the legal fees.

We understand that most property owners have no intention of creating discriminatory policies for the properties they own or manage.

We are here to help you get the coverage and protection you need to protect your interests.

Contact us today to learn more about our EPL tenant discrimination protection and how it can help you.