Real Estate Appraisers Errors and Omissions (E&O)

Offered by RPS Signature Programs

Real Estate Agents E&O Real Estate Brokers E&O Real Estate E&O Real Estate Real Estate Appraisers E&O Real Estate Agents & Brokers Real Estate Agents Commercial Real Estate Real Estate Brokers Real Estate Appraisers

Description

Errors and Omissions (E&O) Coverage for Individual Real Estate Appraisers.

RPS offers a quick and easy rate, quote and bind online process featuring an A.M. Best A++ rated (Superior), Financial Class XV company. With a simple six-question application process, the Errors and Omissions (E&O) product for real estate appraisers offers limits of up to $1 million each claim and $2 million aggregate, and provides your clients with the protection they need to safeguard their businesses.

Appraisers Errors and Omissions Coverage Highlights
  • Residential and commercial appraisals
  • Broad definition of professional service, including incidental services as a notary public, member of a formal accreditation committee, standards review committee or similar board or committee
  • Free extended reporting period for death, disability or retirement
  • Defense costs outside the limits of liability
  • Prior acts coverage with proof of continuous coverage
  • No FDIC exclusion (except California)
  • Deductible reduction incentive for early claims resolution

Appraisers Errors and Omissions Coverage Limits

  • Limit options range from $300,000/$600,000 to $1 million/$2 million
  • Supplementary payments:
    • Reimbursement of expenses for loss of earnings at attendance of trial or hearing includes $250 per day and $5,000 per claim
    • Reimbursement of expenses for board proceedings defense includes $3,000 per claim and $30,000 aggregate.
    • Subpoena expenses are $5,000 per event.
    • Discrimination coverage is $100,000.
    • Electronic information damage coverage is up to $2,500.
    • Professional reputation protection is up to $2,500.
  • Supervisory appraiser coverage
  • Appraisers premises coverage has $10,000 sub-limit
  • Drone photography coverage has $10,000 sub-limit
Professional Liability Insurance Designed for Real Estate Appraisers
  • Individual residential, commercial real estate appraisers
How the Real Estate Appraisers E&O Program Can Help Your Clients

RPS Signature Programs' team of industry experts can take on the most complex client needs with our exclusive programs offering specialized coverage for niche risks, including the unique professional liability insurance needs of agents, brokers, wholesalers, retailers, general agents, underwriting managers, surplus lines agents, life and health agents/brokers, and more.

Details

Carrier Information

General Star National Insurance Company

Admitted

Rating A++ (Superior)

Rating By A.M. Best Company

Listing Contacts

Adrienne Woodhull Area President

+2 more contacts

Offered By

RPS Signature Programs

22 listings in 50 states + DC

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Availability 50 states + DC

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

Covered

Not Covered

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