Protect Yourself with Reliable Appraiser E&O Coverage + ClaimPrevent®

Sellers always think their house is worth more, and buyers always think they paid too much. As the appraiser, you’re stuck in the middle. That’s why you need E&O insurance.

Designed with the residential appraiser in mind, our E&O coverage delivers these benefits:

  • Don’t pay for the mistakes of others!
    Our policies are backed by A.M. Best A-rated, admitted carriers.Many companies have raised rates for all appraisers, whether they have had a claim or not. We don’t think that’s fair. If you have survived the mortgage meltdown unscathed, you should be rewarded with quality coverage at a low price.
  • Security of an “A” Rated, Admitted Carrier
    We pay millions in real estate E&O claims every year and are backed by one of the 20 largest P&C insurance companies in the world.
  • Proactive Problem Resolution with ClaimPrevent® Legal Hotline 7 Days a Week
    One way we keep rates low is by giving you access to local expert attorneys to support you BEFORE a problem ever turns into a claim.  Receive a request from an AMC or a lender that makes you uncomfortable, need a letter written, or involved in a disciplinary action? Our local real estate attorneys are here 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.
  • Don’t Pay for Coverage You Don’t Need.
    We only insure Appraisers who specialize in residential properties, so you do not pay for work you do not perform.

 

Appraiser E&O Policy Details

  • $1 Million Limits included
  • $2,500 Retention (out-of-pocket claims expense limit)
  • No FDIC exclusion
  • Match Prior Acts (No 2008 Limitation)
  • Compliant with GSE and AMC requirements
  • Discrimination coverage to policy limits
  • Attorney’s Fees use a separate $1 Million limit, so there is up to $2 Million available

 

Get a Quote & Buy Online

If you are in CO, LA, NM, ID, or TN click the Buy a New Policy button if you are new to CRES. Click on Renew Your Policy if you are an existing CRES member:
Buy a New Policy

Renew Your Policy

If you are in any other state, click the Buy/Renew button here:
Buy/Renew a Policy

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.

 

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