Appraiser E&O Insurance with Superior Protection
+ ClaimPrevent® Legal Services
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We’ll find you the most extensive protection at an exceptional value, because we have access to more carriers and product options than just about anyone else.
The Most Extensive Protection for Real Estate Appraiser Errors and Omissions Insurance
- Superior protection at an exceptional value, because no one has the product access we have
- More extensive options for individual appraisers and appraisal companies
- The best claim prevention with response within 4 hours or next business day included with your appraiser E & O plan
Protection for Your Specific Risks
Your Errors and Omissions insurance should protect you from the specific risks you and your team face as residential appraisers, including:
- Common oversight issues: incorrect comps, not measuring the square footage of the property correctly, listing the wrong number of bedrooms, and not noticing normal inspection issues
- High appraisal value: especially if the property had sold recently for a much lower price
- Low appraisal value: if the low appraisal caused the transaction to be cancelled
- Property damage: especially with unoccupied properties
Whether the claim is frivolous or not, you can still be dragged into a costly lawsuit — and that may mean out-of-pocket legal costs to pay for your defense.
CRES Appraiser E & O + ClaimPrevent® gives you the best value in residential appraiser errors and omissions insurance coverage. (We’re part of Arthur J. Gallagher, one of the largest insurance brokers in the world, giving us unequaled access to options others just don’t have.)
PLUS, you’ll enjoy Pre-Claim Legal Services — to help you address any issues with sellers and buyers BEFORE they become problems.
No matter your size or specialties, your customized appraiser E & O plan will safeguard your business and ensure compliance with lenders and appraisal management companies.
CRES E & O is Designed Specifically for the Residential Appraiser
- You Won’t Pay for the Appraisal Mistakes of Others!
Many companies have raised rates for all appraisers, whether you’ve had a claim or not. We have access to Appraiser E & O programs that most insurance brokers don’t, to ensure you receive superior protection at an exceptional value. - Coverage Specifically for Residential Appraisers
CRES E&O has been created specifically for appraisers who specialize in residential properties. It’s not a generic policy. Your real estate appraiser E & O addresses your specific risks. Choose the specific coverage and limits you want to include in your policy for the activities you need covered. You won’t pay for activities you don’t perform — and you won’t miss important coverage frequently missing from a generic policy. - Identity Theft Coverage
Most states require that you inform your clients if their private information may have been compromised. This can occur if you lose your phone, have a laptop stolen, etc. We pay up to $5,000 to comply with the state required notifications.
Protect Your Appraisal Company with Comprehensive Insurance Options
Business owners: you also need general liability insurance and other coverages that we can combine into a Business Owner’s Policy.
- If you’re looking for workers’ compensation insurance, we can help with that, too.
With our extensive insurance options, we can ensure you get the most extensive protection at an exceptional value across your policies.
Why Choose CRES
- Resolve Issues Proactively with ClaimPrevent® Legal Advice
CRES expert real estate attorneys will help you BEFORE a problem turns into a claim — at no extra charge. Should you get a request from an AMC or a lender that makes you uncomfortable, or you need a letter written, or even if you’re involved in a disciplinary action, our local real estate attorneys are on-call and ready to help. Included with your E&O plan.
- A-Rated Protection
All of our policies are backed by A.M. Best A-rated carriers.
Appraiser E&O Insurance Details
- Coverage for prior appraisals (no 2008 limitation) for as long as you’ve maintained continuous E&O coverage.
- No FDIC exclusion.
- Compliant with GSE and AMC requirements.
- Payment options for appraisal companies: fixed annual premium or per-transaction payment plans available
Are you looking for Errors and Omissions Insurance for Colorado Appraisers?
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Read each policy for a full comparison of coverage and benefits. Certain restrictions apply. All coverage is subject to Underwriting and other qualifications.