Rhode Island Real Estate Errors and Omissions Insurance
NEW! 3 E&O Options to Revolutionize Rhode Island E&O — up to 40X More Protection for One Year
Renew by April 30, 2023
- Base Protection Plan: from $64 (1 year)
- Superior Protection Plan: from $117 (1 year)
- Platinum Protection Bundle: from $260 (1 year)
- All with Pre-Claim Expert Legal Services 7 days a week
Your new real estate errors and omissions plan for Rhode Island is tailored to your transaction volume . . .
✅ Base Protection Plan with the lowest price for those with no income in the last 12 months from activities requiring a real estate license:
$100,000/$500,000 coverage – from $64 (one year)
✅ Superior Protection Plan with up to 40X more protection in individual coverage areas: $100,000/$500,000 coverage – from $117 (one year)
✅ Platinum Protection Bundle with the broadest coverage, most popular options, and highest limits at a bundled price for those who need it: $500,000/$500,000 or $1 million/$1 million coverage limits – from $260 or $360
From 8 to 40 Times More Coverage in EVERY CRES E&O Plan
Every CRES E&O plan is guaranteed to meet 100% of Rhode Island requirements, guaranteed to meet or beat the coverage of the competition, and includes our highly rated Pre-Claim Legal Services 7 days a week.
Compared to the competition, every CRES plan includes far more coverage:
Base Protection Plan and Superior Protection Plan
- $100,000 Pollution/Environmental/Mold (40X more coverage included) — vs Add $30 for $2.5k/$5k
- $50,000 Data Breach Notification Coverage — vs Not Covered
- $30,000 Subpoena Coverage — vs Not Covered
- $20,000 Per Disciplinary Proceeding (8X more coverage included) — vs Add $30 for $2.5/k$5k
- Conformity to other states where you’re licensed — vs Add $30
- Lockbox Property Damage to $100,000 (20X more coverage) — vs $5k/$10k
- Agent-Owned Property sales of vacation or rental properties to 4-plex (with requirements) — vs Not Covered
- Pre-Claim Legal Services 7 days a week — vs No Help Pre-Claim
- First Dollar Defense (no out-of-pocket costs when your claim involves only defense costs)
- Firm/Franchise coverage
- $100,000 Open House and Showings coverage – just $8
- $250,000 Open House and Showings coverage – just $11
- Pollution/Environmental (including mold) to $500,000) – just $4
- Fair Housing/Discrimination Defense and Damages to the policy limit – just $8
- $25,000 Seller’s Protection Plan coverage to help win more listings – just $5
- Defense Outside the Limits (adds another limit for defense costs equal to policy limit) – just $8
- $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
Rhode Island Department of Business Regulation (RIDBR) requires only a one-year E&O policy, so why pay more?
And now, you won’t pay extra to cover any activities for which a real estate license is required.
Your CRES Real Estate E&O + ClaimPrevent® includes PRE-CLAIM access to local expert real estate attorneys available 7 days a week – for questions, writing or reviewing letters and addendums, contract review, and more — to help you actually PREVENT claims. It also includes . . .
- Conformity Endorsement coverage — if you’re a Rhode Island resident, this endorsement amends your Rhode Island policy to conform to E&O requirements of other states where you hold a valid real estate license.
- 25 Free CRES Building Permit History Reports (a $99.95 value), included with your policy each year, with discounted pricing on additional reports. Save $1000 on your out-of-pocket claims cost when you provide a Permit to the buyer. 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.
- PLUS, our Rhode Island E&O has ALWAYS included: no out-of-pocket costs when a claim has only Defense costs (“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 Get Significantly More Coverage — and More Extras!
CRES is a FAR better protection option than what the competition offers for most licensees in Rhode Island. And we guarantee that a CRES E&O policy will meet or exceed 100% of RIDBR requirements.
You may be eligible even if you have past complaints or claims.
As required by RIDBR, our policies cover all real estate activities requiring a license. Our online enrollment process is now simpler. Try it out! (Cover your Appraisal or Transaction Coordinator activities with a separate policy.)
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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
Defense Costs Outside the Limit – just $8
$500,000 Environmental/Pollution (including mold) – just $4
*Pricing comparison as of 1-31-22 and shows comparisons between the CRES base per-claim coverage and the competitor’s base coverage. Read each policy for a full comparison of coverage and benefits. Certain restrictions apply. All coverage is subject to Underwriting and other qualifications.