Tennessee Real Estate Errors and Omissions Insurance

New Real Estate Errors and Omissions Plans for Tennessee – from $115 for two years!

✅ Base Protection Plan — for those with no revenue for the last 12 months from activities requiring a real estate license. $200,000 more coverage than the state group plan:

$100,000/$500,000 coverage – from $115 (two years)

✅ Superior Protection Plan – $200,000 more total coverage than the state group plan, plus up to 20X more protection in individual coverage areas:

$100,000/$500,000 coverage – from $213 (two years)

✅ Platinum Protection Bundle – Broadest coverage, highest limits, all coverage options included at a bundled price:

$500,000/$500,000 or $1 million/$1 million – from $516 or $716 (two years)

These 3 New Plans Will Revolutionize Tennessee Real Estate E&O

Errors and Omissions insurance is required for all real estate licensees in Tennessee. Are you sure you have the most comprehensive E&O coverage to protect your business?

Every CRES E&O + ClaimPrevent® plan is a better option than the state group policy for most Tennessee licensees, and is guaranteed to meet or exceed  100% of  Tennessee requirements.

Base Protection Plan and Superior Protection Plan

• 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)
• 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 Rentals      vs Primary residence (or pay extra)
• Conformity for other states where you are licensed          vs NOT included (or pay extra)
• Environmental (including mold) to $100,000                     vs same
• Firm/Franchise coverage                                                              vs same

Optional coverage

• Open House & Showings coverage to $100,000              – just $20
• Open House & Showings coverage to $250,000             – just $30
• Fair Housing Defense and Damages to $500,000           – just $20
• Seller’s Protection Plan (to help you attract listings)           – just $12
• First Dollar Defense (no out-of-pocket if only legal fees) – just $10
• Defense Outside the Limits (additional limit for defense) – just $20
• Environmental (including mold) to $500,000                     – just $10

Platinum Protection Bundle includes all coverage above and adds:

• Pollution/Environmental (including mold) to $500,000 or $1 million
• Fair Housing/Discrimination Damages and Defense to $500,000 or $1 million
• Open House and Showings coverage to $250,000
• Seller’s Protection Plan (to win listings) to $25,000
• First Dollar Defense
• Defense Outside the Limits

Prior Transactions are covered for as long as you’ve maintained continuous E&O coverage.

No extra charge to cover all activities that require a real estate license.

Your CRES errors and omissions policy also includes access to expert local real estate attorneys PRE-CLAIM — for questions, writing or reviewing letters and addendums, contract review, and more — to help you actually PREVENT claims.  Think about how valuable that will be!  We guarantee response within 4 hours or by next business day, and will confirm recommendations to you in writing.

Enjoy More Coverage and More Included Extras 

• 25 Free CRES Building Permit History Reports (a $99.95 value), included with your E&O plan each year, with discounted pricing on additional reports. Provide a Report to a buyer and eliminate your out-of-pocket claims costs (a $1,000 savings)!  A CRES Exclusive
• Give your sellers up to $50,000 in Seller’s E&O Protection Plan with a CRES Qualified Home Warranty from First American Home Warranty Corporation (FAHW).
• $1,000 retention (out-of-pocket claims expense) — can be eliminated by providing a CRES Building Permit History Report to a buyer or purchasing a CRES Qualified Home Warranty*.
• 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 policies cover all activities requiring a real estate license — at no additional charge.  Choose a separate policy to cover your Appraisal or Transaction Coordinator activities.

You may be eligible for CRES E&O even if you have past complaints or claims.