Property Management
A NH property manager who fails to obtain adequate liability insurance for a managed property is exposing the property owner to:
AOnly minor inconvenience
BUninsured liability risk if a tenant or visitor is injured on the property✓ Correct
COnly a fine from the NHREC
DRisk only if the property is commercial
Explanation
Adequate liability insurance protects property owners from claims arising from injuries or property damage at their rental property. Failure to maintain proper insurance leaves the owner financially exposed to potentially large uninsured claims.
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