Skip to content

Mississippi Real Estate Errors and Omissions Insurance

8 to 20 Times More Protection in 3 New Plans to Revolutionize E&O

Renew by June 30, 2024

  • Base Protection Plan: from $64
  • Superior Protection Plan: from $117
  • Platinum Protection Bundle: from $260
  • Expert Pre-Claim Legal Services included
  • Guaranteed to meet 100% of MREC requirements

New Real Estate Errors and Omissions Plans for Mississippi – Up to 20X More Protection from $64

All real estate professionals are required to have Errors and Omissions insurance in Mississippi. You can take advantage of 3 new E&O coverage plans — each with far more protection than the state group plan, and each for a great price . . .

✅Base Protection Plan – for those with no revenue for the last 12 months from activities requiring a real estate license.

$100,000/$500,000 coverage – from $64

✅Superior Protection Plan – Up to 20X more protection in individual coverage areas.

$100,000/$500,000 coverage – from $117

✅Platinum Protection Bundle – Highest per-claim and overall limits, all optional coverages at a bundled price, plus up to 20X more protection in individual coverage areas.

$500,000/$500,000 or $1 million/$1 million coverage – from $260 or $360

All CRES Plans                                                                                         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 NOT included
  • Subpoena coverage to $30,000                                                                                              vs $2.5k (12X Less coverage)
  • Disciplinary proceedings coverage to $20,000                                                                vs $2.5 (8X Less coverage)
  • Agent-Owned Property Sales of Vacation or Rental Homes                                         vs Primary residence (or Pay Extra)
  • Conformity for other states where you’re licensed                                                             vs Not included (or Pay Extra)
  • Pre-Claim Legal Help                                                                                                                      vs No Help Pre-Claim
  • Firm/franchise coverage                                                                                                                vs same
  • First Dollar defense                                                                                                                           vs same

Optional Coverage

  • $25,000 Seller’s E&O Protection Plan protects sellers  for 180 days after closing, and helps you win listings – just $5
  • $100,000 Open House and Showings coverage gives you protection for bodily injury and property damage – just $8
  • $250,000 Open House and Showings coverage – just $11
  • $500,000 Fair Housing/Discrimination Defense and Damages – just $8
  • $500,000 Environmental/Pollution (including mold) – just $4
  • Defense Costs Outside the Limits – just $8

Platinum Protection Bundle includes ALL coverages above, and adds all of the options:

  • $500,000/$500,000 or $1 million/$1 million coverage limits
  • Pollution/Environmental (including mold) to policy limits ($500,000 or $1 million)
  • Open House and Showings coverage to $250,000
  • Fair Housing/Discrimination Defense and Damages to the policy limits
  • Sellers Protection Plan to $25,000 to help you win more listings
  • Defense Outside the Limits (adds an additional limit to cover defense costs)

One low rate covers all of your activities that require a real estate license.

  • CRES Real Estate E&O + ClaimPrevent® includes access to local expert real estate attorneys.  You’ll have a resource for questions, writing or reviewing letters and addendums, contract review, and more — to help you actually resolve issues and PREVENT claims.
  • Conformity Endorsement coverage  — for Mississippi residents, this endorsement amends your Mississippi policy to conform to E&O requirements of other states where you hold a valid real estate license.
  • PLUS, our Mississippi E&O has ALWAYS included:  No out-of-pocket costs when only defense costs are incurred (“First Dollar Defense”), and Prior Acts coverage for as long as you’ve maintained continuous real estate E&O insurance (with any company).

Get SO MUCH MORE PROTECTION – plus valuable extras – with CRES:

  • Give your sellers $25,000 in Seller’s E&O with a CRES Qualified Home Warranty from First American Home Warranty.* Learn more about winning listings with Seller’s Protection Plan
  • 25 Free CRES Building Permit History Reports (a $99.95 value), included with your Mississippi policy each year, with discounted pricing available on additional reports. A CRES Exclusive
  • $1,000 retention (out-of-pocket claims cost) can be eliminated by giving a CRES Qualified Home Warranty or Building Permit History Report to the buyer. And there is never an out-of-pocket cost when a claim only incurs defense costs (“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.

CRES includes FAR better protection than the state group policy — and has for more than 25 years. We guarantee to meet or exceed all Mississippi state requirements.You may be eligible for CRES E&O even if you have past complaints or claims.

As required by MREC, our policies cover all real estate activities requiring a license. (Cover your Appraisal or Transaction Coordinator activities in a separate policy.)

Try our new simplified enrollment process today.

*Comparison as of 10-6-21 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.

Back To Top