Colorado Real Estate Errors and Omissions Insurance
Up to 10X More E&O Protection, New E&O Plans from $188
Renew by December 31, 2022
- Superior Protection Plan: from $188
- Platinum Protection Bundle: from $305
- With Pre-Claim Legal Services 7 Days a Week
All Real Estate E&O Plans With Up to 10X More Protection than the state group plan or CAR plan
- PLUS, Pre-Claim Legal Services 7 days a week (and we’ll help you even if you’ve used up your E&O limits, unlike those other plans)
CRES is revolutionizing E&O in Colorado with new coverage plans at a great price . . .
✅ Superior Protection Plan – $200,000 more total coverage than the state group plan or the CAR plan, plus up to 10x more protection in individual coverage areas (the real difference in E&O plans)
$100,000/$500,000 coverage – from $188
✅ Platinum Protection Bundle – Highest limits with most popular options at a bundled price. Up to 10X more protection than the state group plan or CAR plan in individual coverage areas.
$500,000/$500,000 or $1 million/$1 million – from $305 or $405
All CRES E&O Plans
State Group Plan
|Environmental/Mold to $100,000 Platinum Plan to Policy Limits||Not included (Extra Fee for 10X LESS coverage)||Not included (5X LESS coverage for CAR members or Extra Fee)|
|Fair Housing/Discrimination to $100,000||$30k (3X LESS coverage)||$25k (4X LESS coverage) or 2X LESS for CAR members|
|Open House & Showings to $100,000 Platinum Plan to $250,000||Not included (Extra Fee for 10X LESS coverage)||Not included (Extra Fee for 10X LESS coverage)|
|Seller’s Protection Plan to $25,000 (use it to attract more listings)||Not offered||Not offered|
|Agent-Owned Property Sales of Vacation or Rental Properties to 4-plex||Primary Residence only (Extra fee for Rentals)||Primary Residence only (Rentals included for CAR members or Extra Fee)|
|Subpoena coverage to $30,000||$5k (6X LESS coverage)||Not included (6X LESS coverage for CAR members or Extra Fee)|
|Disciplinary proceedings coverage to $20,000||$2.5k (8X LESS coverage)||Not included (2.5X LESS coverage for CAR members or Extra Fee)|
|Cyber Liability Data Breach Notification up to $50,000||Not included (Extra Fee for 10X LESS coverage)||Not included|
|Escrow Disputes to $100,000||$10k (10X LESS coverage)||$10k (10X LESS coverage)|
|Conformity Endorsement for other states where you are licensed||Not included (Add for Extra Fee)||Included|
|Lockbox Damage to $100,000, First Dollar Defense, Firm/Franchise Coverage||Same||No First Dollar Defense, No Firm/Franchise Coverage|
Colorado E&O policies also include : No out-of-pocket costs for claims where only attorney’s fees are paid (“First Dollar Defense”), and Prior Acts coverage for as long as you’ve maintained continuous real estate E&O insurance (with any company). You won’t pay extra to cover all of your activities that require a license.
CRES Helps You Protect Your Business — and Actually Prevent Claims
With CRES Real Estate E&O + ClaimPrevent®, you’ll have local expert real estate attorneys available 7 days a week PRE-CLAIM. Ask questions, have them write or review letters and addendums, review contracts, and more — to help you actually PREVENT claims. (No help from the state group plan until you have a claim!) And if you’ve exhausted your E&O limits, you won’t get any help at all!!)
CRES Has Been a Better E&O Choice for Colorado Real Estate Professionals for More than 25 Years
With significantly more coverage, CRES is a FAR better protection option than the state group plan or the CAR plan for most licensees in Colorado.
As required by DORA, our policies cover all activities requiring a real estate license. CRES E&O is guaranteed to meet or exceed all DORA requirements.
Get an Incredible Level of Coverage and Extras
- Give your sellers an extra $25,000 in Seller’s E&O with a CRES Qualified Home Warranty — and reduce your out-of-pocket claims expense to zero.*
- 25 Free CRES Building Permit History Reports (a $99.95 value), included with your policy each year. Show buyers the permits on a property before closing, and reduce your out-of-pocket claims expense to zero. A CRES Exclusive
- $1,000 retention (out-of-pocket claims expense) — and no out-of-pocket claims expense for claims where only attorney’s fees are paid (“First Dollar Defense”).
- Discounts to Office Depot®, Constant Contact® Email, Lenovo® PC Products, UPS® shipping, even Bekins® and Wheaton Van Lines moving discounts you can offer to your clients.
You may be eligible for CRES E&O even with past complaints or claims.
Enrolling online is a simple process! Proof of coverage is electronically sent to DORA.
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*Comparison as of 10-6-22 based on base policy cost for licensees performing activities requiring a license. Seller’s E&O coverage and other benefits are feature-based and warranty specific. The E&O Retention (Out-of-Pocket Claims Expense) Reduction applies to any real estate licensed Real Estate Services Council Risk Purchasing Group, LLC. (“RESCRPG”) member who personally pays for the Home Warranty Plan. These benefits are offered by, and intended for, the members of RESCRPG. RESCRPG membership is part of your CRES E&O policy. Other warranties may also qualify for an E&O Retention Reduction, but only those warranties listed here are guaranteed to qualify. Not available in all states. Certain restrictions apply. Read each policy for a full comparison of coverage and benefits. All coverage is subject to Underwriting and other qualifications.