Superior Appraiser E&O Coverage + Included Legal Services: CRES E&O + ClaimPrevent®
You want Errors and Omissons insurance that addresses the specific risks you face as a residential appraiser. With CRES E&O + ClaimPrevent®, you’ll have high-quality coverage for a low price. PLUS, you’ll enjoy included Legal Advisory Services to help you address any issues with sellers and buyers BEFORE they become problems.
CRES E&O + ClaimPrevent® Insurance is Designed Specifically for the Residential Appraiser
- You Won’t Pay for the Appraisal Mistakes of Others!
Many companies have raised rates for all appraisers, whether you’ve had a claim or not. If you’ve survived the mortgage meltdown unscathed, you should be rewarded with CRES quality coverage at a low price. - Coverage Specifically for Residential Appraisers
CRES E&O has been created specifically for appraisers who specialize in residential properties. It’s not a generic policy. Your E&O addresses your specific risks — so that’s all you pay for. Coverage includes: Bodily injury and property damage, Discrimination (defense costs), Pollution/Mold, Subpoena assistance, Trial Expense reimbursement, Disciplinary Proceedings reimbursement, Public Relations advisory expenses, and Not-for-Profit directors coverage. In addition, you can select other options to customize your policy for the way you want it to work for you. - Security of an “A” Rated, Admitted Carrier
Our policies are backed by A.M. Best A-rated, admitted carriers in your state. - Resolve Issues Proactively 7 Days a Week with ClaimPrevent® Legal Advice
CRES local expert real estate attorneys will help you BEFORE a problem turns into a claim — at no extra charge. Should you get a request from an AMC or a lender that makes you uncomfortable, or you need a letter written, or even if you’re involved in a disciplinary action, our local real estate attorneys are on-call and ready to help. - Identity Theft Coverage
Most states require that you inform your clients if their private information may have been compromised. This can occur if you lose your phone, have a laptop stolen, etc. We pay up to $5,000 to comply with the state required notifications.
Individual Appraiser E&O Policy Details
(For companies, see the Appraisal Firm E&O Policy Details)
- $1 Million Limits included ($500,000 in CA, with option to increase to $1 Million)
- Separate $1 Million limit for defense costs, so you’ll have up to $2 Million in coverage. (In CA, with the separate limit for defense costs option, you have $500,000 for defense costs on a standard policy, or $1 million if you increase your policy limits to $1 million)
- $0 Retention (out-of-pocket claims expense) if only Attorney Fees paid, otherwise $2500 Retention
- Match Prior Acts (No 2008 Limitation)
- Includes Discrimination coverage and First Dollar Defense (optional in CA)
- No FDIC exclusion
- Compliant with GSE and AMC requirements
Get a Quote & Buy Online
Get an online quote, buy, and get proof of coverage immediately!
If you have any questions, call 858.618.1648 for prompt, personal assistance.
Qualifications: No claims or disciplinary actions in the last 5 years and appraise residential property only. If you do not meet the qualifications above, please click here to request a quote.