Iowa Real Estate Errors & Omissions (E&O) Insurance
Deadline to Renew: December 31, 2020
8 to 20 Times the Protection for Specific-to-Real-Estate Risks
| CRES Real Estate E&O versus | State Program |
|---|---|
| $100,000/$500,000 limits | $100k/$100k |
| 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 Pollution/Environmental/Mold (10x the coverage!) | $10k/$20k |
| $50,000 Cyber coverage (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 | State Plan has primary residence (or charges $30 for other) |
Now, one rate covers all activities for which a license is required!
Your CRES Real Estate E&O + ClaimPrevent® includes Pre-Claim Legal Services 7 days a week. Local expert real estate attorneys can address questions, write or review letters and addendums, review contracts, and more – to help you actually PREVENT claims. Get a guaranteed response within 4 hours or by next business day, with recommendations confirmed in writing!
And CRES E&O is guaranteed to meet or exceed all Iowa state requirements.
- Now includes team/non-licensed coverage.
- Conformity Endorsement coverage – if you are an Iowa resident, this endorsement amends your Iowa policy to conform to E&O requirements of other states where you hold a valid real estate license.
- PLUS, our Iowa E&O has ALWAYS included Firm and Franchise coverage, and Prior Acts coverage for as long as you’ve maintained continuous E&O coverage.
With CRES, you’ll enjoy INCREDIBLY EXTENSIVE COVERAGE – and VALUABLE EXTRAS:
- 25 Free CRES Building Permit History Reports (a $99.95 value), included with your policy each year, with discounted pricing available on additional reports. A CRES Exclusive
CRES is a FAR better protection option than the State program for most licensees in Iowa — and has been for more than 20 years.
As required by IPLB, our policies cover all real estate activities requiring a license. We can cover your appraisal activities under a separate E&O plan (see the links below).
You may be eligible even if you have past complaints or claims. Enrolling online is now faster and easier.
Individual appraiser policy Appraisal firm policy
*Comparison as of 10-15-20 based on base policy cost for licensees performing activities requiring a license. Read each policy for a full comparison of coverage and benefits. All coverage is subject to Underwriting and other qualifications.
Low Cost Optional Coverage
| Seller’s E&O Coverage | Add $5 |
|---|---|
| Open House/Showings Liability | Add $8 |
| Pollution/Environmental Coverage ($500K) | Add $4 |
| Fair Housing/Discrim. Defense & Damages | Add $8 |
| Defense Outside Limits | Add $8 |
| Cyber Liability Expanded Coverage | Add $35 |