Errors and Omissions Insurance

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Are You Protected from Prior Acts? A Guide to How Far Your Real Estate E&O Protection Extends

There are varying schools of thought within the real estate community about the usefulness of personal Errors and Omissons (E&O) insurance. Many professionals still believe that if the firm they are working for has insurance, then they are covered for all acts. They also believe that should they move firms, the policy of their oldRead More

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Why portable liability coverage is essential for today’s real estate professionals

Real Estate Professionals are in a unique situation in the modern economy. You walk the line between firm insurance and your own personal Errors and Omissions (E&O) insurance. Real estate E&O insurance was created to mitigate financial risk and protect brokers and agents should a consumer become dissatisfied after a transaction has occurred. There isRead More

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Protect Your Seller with their Own E&O Policy and Increase Your Listings

A Seller’s Protection Plan (also called Seller’s E&O) covers your client with up to $25,000 to pay for attorney’s fees and/or damages in the event of a claim from a buyer. It also helps protect you, by reducing the risk that your uninsured seller will turn around and sue you if they are sued byRead More

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The Big Picture: You May Owe More Than Just Your Deductible

Real Estate E & O covers attorney’s fees and damages, after you’ve paid your applicable retention (out-of-pocket claims expense).  However, there are many more expenses associated with a claim that are not classified as attorney’s fees or damages. Also, Disciplinary Hearings, volunteer work for a Board or other Not-For-Profit can result in legal expenses notRead More

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Risk Management: Your ticket to fewer claims and lower premiums

You are regularly helping in the purchase and sale of the largest investment most Americans will make in their lives. Since each home and its buyer/seller are unique, so are the risks. You need to make sure that you properly represent your client in case of buyer’s remorse after the excitement fades. You would haveRead More

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All in the family? Make sure you’re covered with an AOP endorsement

As a licensed real estate agent or broker, you are a seasoned professional when it comes to buying and selling properties for others. But when it’s your own property (or that of a family member), the perspective of many insurance policies and courts changes. Suddenly the familiar landscape of buying and selling is different whenRead More

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Why do you need an individual real estate E&O insurance policy?

Firms typically have basic E&O insurance. However, having individual, personal coverage will not only cover gaps that you might not be aware of, it will give you customized business tools and services that fit your exact needs. But do you know everything you need to know about your firm’s policy? Do you know where theRead More

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Webinar Event Recap for Real Estate Licensees: It’s not too late to learn how to protect yourself

It’s not too late to learn how to protect yourself from real estate Errors and Omissions insurance coverage loopholes that can leave a real estate career in ruins. Each year in the United States, more than 13,000 real estate professionals are faced with a lawsuit. It happens. Mistakes happen. But what may surprise you isRead More

Admitted versus Non-Admitted Carriers for Real Estate E&O

Your real estate Errors and Omissions insurance exists to negate your risk, but the wrong coverage can leave you with even riskier business. Admitted and non-admitted carriers both provide protection, but how much protection they’ll provide you lies in their differences. The Big Divide: State License is the Key What is the main difference betweenRead More

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