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.
Errors and Omissions Insurance Designed for Residential Appraisers
- You Won’t be Penalized Because of Other Appraiser Mistakes
Have you seen other companies raise appraiser E&O rates across the board, without looking at your particular claim history? At CRES, your E&O is customized for your particular situation — to give you quality coverage at a low price. - You’ll Only Pay for Coverage You Need
We only insure Appraisers who specialize in residential properties, so you don’t pay to cover work you don’t perform. Your E&O is customized for your specific risks — rather than a generic policy. You’ll have coverage for: 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 add other options to further customize your policy. - Security of an “A” Rated, Admitted Carrier
Our policies are backed by A.M. Best A-rated, admitted carriers.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. - ClaimPrevent® Legal Hotline 7 Days a Week to Prevent Claims from Happening
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. When you have a question, need a letter written or a document reviewed, have a request from an AMC or a lender that makes you uncomfortable, or you’re involved in a disciplinary action, you’ll have expert help available 7 days a week. - 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.
Appraiser E&O Policy Details
- $1 Million Limits included
- $1 Million in Defense Costs (a separate limit, so you actually have $2 Million available to cover you)
- Discrimination coverage to policy limits
- $2,500 Retention (out-of-pocket claims expense limit)
- Match Prior Acts (No 2008 Limitation)
- Compliant with GSE and AMC requirements
- No FDIC exclusion
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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.