Real Estate Broker Liability Policy
Offered by Travelers
Description
Travelers introduced a new policy for real estate agents and brokers that provides broader protection from possible claims or litigation against errors and omissions.
Travelers' 1st Choice for Real Estate Agents and Brokers Professional Liability Protection covers real estate agents or brokers, property managers and notary publics. In addition, the policyholder's employees, independent contractors and employees of the independent contractors are covered by the policy. It covers legal defense expenses that extend beyond the policy limits, disciplinary proceeding expenses or a legal expense reimbursement and offers protection for fair housing discrimination claims.
Protection from failure by the agent or broker to disclose to the buyers or sellers the existence of pollution on the property is also offered. Typically, items that don't function on the property, such as appliances, or matters related to the characteristics of the property, including zoning changes, would be covered.
Travelers' 1st Choice for Real Estate Agents and Brokers Professional Liability Protection covers real estate agents or brokers, property managers and notary publics. In addition, the policyholder's employees, independent contractors and employees of the independent contractors are covered by the policy. It covers legal defense expenses that extend beyond the policy limits, disciplinary proceeding expenses or a legal expense reimbursement and offers protection for fair housing discrimination claims.
Protection from failure by the agent or broker to disclose to the buyers or sellers the existence of pollution on the property is also offered. Typically, items that don't function on the property, such as appliances, or matters related to the characteristics of the property, including zoning changes, would be covered.
Details
$5M Maximum Premium
Carrier Information
Travelers
Admitted
Rating 'A'
Offered By
Availability 50 states
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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