Watt Plaza requires all tenants to be enrolled in an insurance tracking program through Registry Monitoring Insurance Services, Inc. (RMIS)
The insurance requirements from your lease, “Article 14”, are sent immediately to RMIS following the execution of your lease as well as the contact information for the lease signatory. The lease signatory or a designated employee should provide RMIS with the contact information for your insurance agency. RMIS is responsible for collecting, verifying, certifying and tracking all tenant insurance. They are in possession of the insurance requirements from your lease and will work with your insurance agent directly to ensure that you have all the required insurance on file.
Renewals: The insurance requirements from your lease, “Article 14”, are on file with RMIS and they will work with your insurance agent directly to ensure that they receive the updated certificates as they expire.
How does the system work?
The system RMIS has built simplifies the process of tracking your insurance. Instead of sending reminder or “deficiency” notices to you in the mail, RMIS will primarily deal directly with your insurance agent or broker to make sure all of the insurance requirements in your Lease are met. RMIS is staffed by insurance professionals who “speak the same language” as your insurance agent and will work with your agent in a fast, friendly and professional manner. With this new system, our tenants will no longer receive notices in the mail regarding insurance deficiencies. Any issues regarding your coverage will be handled directly with your agent or broker. If you, the tenant, ever need to contact RMIS directly, you will find pleasant, knowledgeable customer service representatives on the other end of the line. RMIS promises that a live person will answer the phone in most instances – and “same business day” call-backs on all voice mail messages.
What do you need to do?
All you need to do to get the process started is to forward the following information to your insurance agent or broker:
Issue new certificate(s) of insurance, prepared EXACTLY as before, with the following two (2) modifications:
1. CERTIFICATE HOLDER should be changed to:
WATT COMPANIES c/o RMIS
5703 CORSA AVE FL 1
WESTLAKE VILLAGE CA 91362-4001
2. The ADDITIONAL INSUREDS shown on any additional insured endorsement should be removed and replaced with the following:
Watt Ventures, Inc., together with its subsidiaries and/or their associated and/or subsidiary and/or affiliated entities, including, without limitation, all partnerships, limited liability companies and/or corporations affiliated therewith, and/or all partners, managers, members, officers, directors, employees and/or agents thereof, together with any and all persons and/or entities for which any of them act as a Managing Agent or are otherwise required by contractual obligation therewith to be named additional insureds hereunder.
Please remind your agent that Watt only accepts additional insured endorsements – additional insured language written on the certificate is not acceptable.
RMIS will contact your insurance agent directly from this point forward.
Please remember that you can also always call RMIS Customer Service (9:00 a.m. to 5:00 p.m. weekdays) at (800) 400-4924 or the following account contacts:
Registry Monitoring Insurance Services, Inc. (RMIS)
We appreciate your cooperation with our tenant insurance monitoring service through RMIS. As always, if you have any problems, questions or concerns you can also contact the Building Management Office at (310) 789-2179.