Mississippi Real Estate Errors and Omissions Insurance
8 to 20 Times More Protection — from $110*
Renew by June 30, 2021
- Expert Pre-Claim Legal Services included 7 days a week
- 25 Free Building Permit History Reports to show buyers the permits on a property
- Guaranteed to meet 100% of Mississippi state requirements
| CRES Mississippi Real Estate E&O versus | State Group Policy |
|---|---|
| $100,000/$500,000 limits | $100k/$500k |
| Pre-Claim Legal Services 7 days a week | No help pre-claim with State Plan |
| $100,000 Lock Box Property Damage (20x more coverage!) | $5k/$10k |
| $100,000 Pollution/Environmental/Mold (10x more coverage!) | $10k/$20k |
| $50,000 Cyber coverage | Not offered with State Plan |
| $30,000 Subpoena coverage (12x more coverage!) | $2.5k/$2.5k |
| $20,000 – $50,000 Disciplinary Hearings coverage (8x more coverage!) | $2.5k/$5k |
| Sale of Agent-Owned Vacation/Rentals to fourplex (with requirements) | State Plan has primary residence only |
Now, one low rate covers all of your activities that require a real estate license.
- Your CRES Real Estate E&O + ClaimPrevent® includes on-call access to local expert real estate attorneys 7 days a week. Now 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 — if you are a Mississippi resident, 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 have ALWAYS included: No out-of-pocket costs when only defense costs are incurred (“First Dollar Defense”), Firm and Franchise Coverage, and Prior Acts coverage for as long as you’ve maintained continuous real estate E&O insurance (with any company).
With CRES, you’ll enjoy SO MUCH MORE PROTECTION – plus valuable extras like:
- 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 gives you 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.
Optional Coverage
$25,000 Seller’s E&O Protection Plan gives potential sellers unique protection 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
Fair Housing/Discrimination Defense and Damages (up to policy limits or $500,000) – just $8
$500,000 Environmental/Pollution (including mold) – just $4
Defense Costs Outside the Limits – just $8
*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.