Property Management
A NH property manager's errors and omissions (E&O) insurance will NOT typically cover:
AMistakes in lease drafting
BIntentional fraud or criminal acts by the property manager✓ Correct
CFailure to disclose a known defect
DNeglecting to renew an insurance policy
Explanation
E&O insurance covers negligent errors and omissions but never covers intentional acts, criminal conduct, or fraud. A property manager who intentionally defrauds an owner has no E&O coverage for those acts.
Related New Hampshire Property Management Questions
- A NH property management company charges a 'lease-up fee' to the property owner when a new tenant signs a lease. This fee is:
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