Property Management
A North Dakota property manager who takes on a new management agreement should ensure the owner carries adequate:
AWorkers' compensation for all tenants
BHazard insurance, liability insurance, and if applicable, flood insurance on the rental property✓ Correct
CTitle insurance for the manager
DLife insurance naming the manager as beneficiary
Explanation
Property managers should confirm that owners maintain adequate insurance coverage, including hazard insurance (fire, wind, etc.), liability insurance, and flood insurance if the property is in a flood zone.
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