Iowa Real Estate Errors and Omissions Insurance
3 New Real Estate E&O Plans, up to 20 Times More Protection — from $67!
Renew by December 31, 2023
- Base Protection Plan: from $67
- Superior Protection Plan: from $124
- Platinum Protection Bundle: from $260
- With Expert Pre-Claim Legal Services
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)
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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.
*Comparison as of 10-22-22 based on base policy cost for licensees performing activities requiring a license. Read each policy for a full comparison of coverage and benefits. Certain restrictions apply. All coverage is subject to Underwriting and other qualifications.