Property Manager Liable for Fire Damage?

Our agency insures several property managers of condominium associations. The general liability policies for the property managers contain the real estate property managed endorsement that has an exclusion for property damage to property managed or operated by the named insured. If a unit owner should hire the property manager to make plumbing repairs and, due to the negligence of the property manager, a fire later ensues and the whole building is destroyed, would the property manager have any coverage under his CGL form?

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