skip to Main Content

South Dakota Real Estate Errors and Omissions Insurance

8 to 20 Times More Protection in Key Areas — from $146*

Renew by December 31, 2021

  • Expert Legal Services 7 Days a Week Pre-Claim!
  • 25 Free Building Permit History Reports to show buyers the permits on a property (a CRES exclusive!)
CRES South Dakota Real Estate E&O                             versus State Group Policy
$100,000/$500,000  (plus additional $500,000 for defense costs) $100k/$500k
Pre-Claim Legal Services 7 days a week No help pre-claim with State Plan
$100,000 Lock Box Property Damage (20x the coverage!) $5k/$10k
$100,000 Environmental/Pollution/Mold (10x the coverage!) $10k/$20k
$50,000 Data Breach (10x the coverage!) $5k
$30,000 Subpoena coverage (12x the coverage!) $2.5k
$20,000 – $50,000 Disciplinary Hearings coverage (8x the coverage!) $2.5k/$5k
Sale of Agent-Owned Vacation/Rentals to fourplex (with requirements) Primary residence with conditions. Other properties add $15

Your CRES Real Estate E&O + ClaimPrevent® includes 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.

And now, one rate covers all of your South Dakota activities that require a real estate license.  Also included . . .

  • Team/Non-Licensed Assistant coverage
  • Conformity Endorsement coverage — if you’re a South Dakota resident, this endorsement amends your South Dakota policy to conform to E&O requirements of other states where you hold a valid real estate license.
  • PLUS, our South Dakota E&O has ALWAYS included:  No out-of-pocket claims costs for claims where only legal fees are paid (“First Dollar Defense”), Firm and Franchise Coverage, and Prior Acts Coverage for as long as you’ve had continuous real estate E&O coverage (with any company).

With CRES, You’ll Get an Incredible Amount of Coverage — and More Included Extras

  • 25 Free CRES Building Permit History Reports (a $99.95 value), included with your policy each year, with discounted pricing on additional reports.  Provide a Report to a buyer before closing and eliminate your out-of-pocket claims costs (a $1000 savings)!  A CRES Exclusive

CRES is a FAR better protection option than the state group policy for most licensees in South Dakota.  We guarantee to meet or exceed all SDREC  requirements.

You may be eligible even if you have past complaints or claims.

As required by SDREC, our policies cover all real estate activities requiring a license.  Enrolling online is now much simpler!  (Choose a separate policy to cover your Appraisal or Transaction Coordinator activities.)

***Reminder: Once you complete your purchase, you’ll need to email the SD Real Estate Commission notification of your proof of coverage to***

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

*Comparison as of 10-6-21 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.

Back To Top