North Dakota Real Estate Errors & Omissions (E&O) Insurance
Deadline to Renew: December 31, 2020
8 to 20 Times the Protection in Key Real Estate Specific Areas
|CRES E&O versus||State Plan|
|$100,000/$500,000 (plus a separate $500,000 for Defense costs)||$100k/$500k|
|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 for notification costs due to a data breach (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|
|Sale of Agent-Owned Vacation/Rentals to fourplex||State Plan has primary residence only|
New! One rate now covers all of your activities that require a real estate license.
Your CRES Real Estate E&O + ClaimPrevent® includes access to local expert real estate attorneys available 7 days a week – for questions, writing or reviewing letters and addendums, contract review, and more – to help you actually PREVENT claims.
You’ll also enjoy:
- Team/Non-Licensed Assistant coverage
- Conformity Endorsement coverage – if you are a North Dakota resident, this endorsement amends your North Dakota policy to conform to E&O requirements of other states where you hold a valid real estate license.
- PLUS, our North Dakota E&O has ALWAYS included: No out-of-pocket claims costs for claims where only legal fees are due (“First Dollar Defense”), Firm and Franchise Coverage, and coverage for Prior Acts for as long as you’ve maintained continuous real estate E&O insurance (with any company).
With CRES, you’ll enjoy AN INCREDIBLE AMOUNT OF COVERAGE – and MORE INCLUDED SERVICES:
- 25 Free CRES Building Permit History Reports (a $99.95 value), included with your policy each year, with discounted pricing available on additional reports. Provide a Report to a buyer and eliminate your out-of-pocket claims costs (a $1000 savings)! A CRES Exclusive
CRES is a FAR better protection option than the state plan for most licensees in North Dakota. CRES E&O is guaranteed to meet or exceed all NDREC requirements.
You may be eligible even if you have past complaints or claims.
As required by NDREC, our E&O covers all real estate activities requiring a license. Try our new simplified online enrollment!
*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|
|Cyber Liability Expanded Coverage||Add $35|