Iowa Real Estate Errors and Omissions Insurance

Iowa Licensees Can Choose from 3 New Real Estate E&O Plans with up to 20X More Protection

Each Iowa Errors and Omissions plan is designed to better protect you, based on your transaction volume . . .

✅ Base Protection Plan — the lowest price for no transactions in the last 12 months from activities requiring a real estate license:
$100,000/$500,000 coverage – from $67

✅ Superior Protection Plan — with $400,000 more total coverage than the state group plan, and up to 20X more protection in individual coverage areas:  $100,000/$500,000 coverage – from $124

✅ Platinum Protection Bundle — higher limits bundled with our most popular options: $500,000/$500,000 or $1 million/$1 million coverage – from $260 or $360

Any way you look at it, CRES is just a better value than the state group plan. All real estate professionals in Iowa are required to have Errors and Omissions insurance, so why not get more for your money?

$400,000 More Total Coverage — Up to 20X More Protection in Individual Coverage Areas

Every CRES E&O plan is guaranteed to meet 100% of Iowa requirements, and includes our highly rated Pre-Claim Legal Services. Here’s how we compare:

Base Protection Plan and Superior Protection Plan                        The State Group Plan

• Environmental (including mold) to $100,000                                                                             vs $10k (10X less coverage)
• Lockbox Property Damage to $100,000                                                                                      vs $5k (20X less coverage)
• Escrow Disputes to $100,000                                                                                                            vs $5k (20X less coverage)
• Data breach notification up to $50,000                                                                                        vs $5k (10X less coverage)
• Agent-Owned Property Sales of Vacation/Rentals                                                                   vs Primary residence (or Extra Fee)
• Conformity (for other states where you’re licensed)                                                                  vs Extra Fee
• Disciplinary Hearings to $20,000 per incident                                                                          vs $2.5k (8X Less coverage)
• Subpoena coverage to $30,000                                                                                                       vs $2.5k (12X Less coverage)
• Firm and Franchise coverage                                                                                                               vs Same

Optional coverage:

• Seller’s E&O Protection Plan – just $5
• $100,000 Open House and Showings coverage – just $8 ($250,000 coverage – just $12)
• Fair Housing/Discrimination Damages and Defense to policy limits ($500,000) – just $8
•  $500,000 Environmental (including mold) – just $4
• Defense Outside the Limits (separate limit for defense costs) – just $8
• First Dollar Defense (no out-of-pocket when just defense costs) – just $6

Platinum Protection Bundle includes all coverage above and adds all options:

• Seller’s E&O Protection Plan. Give every potential seller this unique protection to help you win listings
• $250,000 Open House and Showings coverage
• Fair Housing/Discrimination Damages and Defense to policy limits ($500,000 or $1 million)
• $500,000 Environmental (including mold)
• Defense Outside the Limits
• First Dollar Defense

One low rate covers all activities for which a real estate license is required!

Your CRES Real Estate E&O + ClaimPrevent® includes our highly rated Pre-Claim Legal Services 7 days a week.  Local expert real estate attorneys can address questions, write or review letters and addendums, review contracts, and more — to help you actually PREVENT claims. Get a guaranteed response within 4 hours or by next business day, with recommendations confirmed in writing!

• PLUS, our Iowa E&O has ALWAYS included Prior Acts coverage for as long as you’ve maintained continuous E&O coverage (no Tail or ERP coverage needed)

Enjoy Incredibly Extensive Coverage — and Valuable Extras 

• 25 Free CRES Building Permit History Reports (a $99.95 value), included with your policy each year, with discounted pricing on additional reports. A CRES Exclusive
• 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.

CRES is a FAR better protection option than the state group policy for most licensees in Iowa — and has been for more than 25 years.

As required by IPLB, our policies cover all real estate activities requiring a license.  We can cover your appraisal and transaction coordination activities under separate E&O plans.

You may be eligible even if you have past complaints or claims. Enrolling online is now faster and easier.