South Dakota Real Estate Errors & Omissions (E&O) Insurance

Deadline to Renew: January 1, 2018

Starts at just:

$135

a savings of $57* vs. the state program.

Enjoy these included CRES Exclusives:

  • 5 Times the Coverage Per Claim — $500,000/$500,000 Limits
  • 8 to 100 Times the Coverage in 5 key areas
  • Legal Advisory Services — access to on-call local attorneys 7 days a week for questions, letters, contract review
  • 25 Free Building Permit History Reports each year

Guaranteed to meet all state requirements – and far EXCEED what the State E&O program includes. Why?  Because we’re experts at protecting real estate professionals – and we know what coverages you really need.

5 Times the Coverage Per Claim – 8 to 100 Times the Protection in These Key Areas

CRES State Program
$500,000/$500,000 limits $100k/$500k
Legal Advisory Services included 7 days a week No help pre-claim
$500,000 policy limit for Fair Housing/Discrim. $25k
$500,000 policy limit for Lock Box Property Damage $5k/$10k
$500,000 or sales price whichever less for Pollution $10k/$20k
$50,000 Data Breach $5k
$30,000 Subpoena coverage $2.5k
$20,000 – $50,000 Disciplinary Hearings coverage $2.5k
Agent-Owned SFRs to fourplex Primary residence only

Plus the opportunity to gain more listings and boost commissions with Seller’s E&O — invest just an additional $5. Your first additional listing will pay for your entire year’s E&O!

  • Get 5 times the individual claim coverage to $500,000 (over the state program)! And a separate $500,000 limit for defense costs.
  • Plus Legal Advisory Services 7 days a week to help prevent small issues from turning into lawsuits.
  • Fair Housing/Discrimination coverage to your policy limit (the state only covers you for $25k) – that’s 20 times the coverage!
  • Lock Box Property Damage to your policy limit (the state covers $5k per claim) – that’s 100 times the coverage!
  • Pollution / Environmental – coverage up to most recent sales price or $500,000 limit (whichever is less) for just $4 – versus $10k per claim.
  • $50,000 in Data Breach Notification (the state covers only $5k). Individual agents are being targeted by hackers and scammers, and we want you to be protected.
  • $30,000 in Subpoena coverage – versus $2.5k per incident – 12 times the coverage!
  • $20,000-$50,000 per enrollment period for Disciplinary Proceedings assistance – versus $2.5k – at least 8 times the coverage!
  • Agent-Owned Property coverage for SFRs up to fourplex – versus only your primary residence.
  • Conformity Endorsement coverage – if you are a South Dakota resident, this endorsement amends your South Dakota policy to conform to E&O requirements of other states where you hold a valid real estate license.

With CRES, you’ll enjoy AN INCREDIBLE AMOUNT OF COVERAGE – and MORE INCLUDED SERVICES:

CRES is a FAR better protection option than the State program for most licensees in South Dakota. We know the risks when you primarily perform residential real estate services – that’s why we include SIGNIFICANTLY MORE coverage than the state program.

Your CRES Real Estate E&O + ClaimPrevent® policy 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 may be eligible even if you have past complaints or claims.

Only pay for what you do. As required by SDREC, our policies cover all real estate activities requiring a license. Our base pricing is for Residential services. If you have received compensation for Commercial services in the past 12 months just add $24.

Renew Your Policy

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*Comparison as of 11-30-17 based on base policy cost for licensees performing activities requiring a license. Savings comparison assumes online purchase where state program charges a $5 convenience fee and CRES does not. Read each policy for a full comparison of coverage and benefits. All coverage is subject to Underwriting and other qualifications.

Renew Your Policy

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Low Cost Optional Coverage

Seller’s E&O Coverage Add $5
“Open House/Showings”, Bodily Injury and Property Damage Add $8
Fair Housing/Discrimination Defense and Damages Coverage to Limits Add $8
Pollution/Environmental Coverage Add $4
Increase Limits to $1M/$1M Liability Add $16
Appraisers Add $8
 Mortgage Brokering Add $4
Cyber Liability Expanded Coverage Add $35

CRES vs. State Program

Watch our video to learn why you get more for less with CRES. Watch our video to learn why you get more for less with CRES.

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