Property Management
A NH property management company's errors and omissions (E&O) insurance covers:
AProperty damage caused by tenants
BClaims arising from mistakes, omissions, or negligence in the performance of professional property management duties✓ Correct
CTheft by employees
DFlood damage
Explanation
E&O insurance for property managers covers claims from clients alleging that errors or omissions in performing professional management duties caused them financial harm — such as failing to collect rent, missing maintenance issues, or lease errors.
Related New Hampshire Property Management Questions
- A NH property management company charges an owner a 10% management fee on collected rents. If the property generates $3,800/month and has a 5% vacancy rate, what is the monthly management fee?
- In New Hampshire, a tenant-at-will lease may be terminated by either party with at least:
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- The Uniform Residential Landlord and Tenant Act (URLTA) — or its principles — is important to NH property managers because it:
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- A NH landlord who wrongfully withholds a security deposit after a tenant vacates may be liable for:
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