Does the E&O company specialize in Real Estate E&O?

If you wanted a specific make of car, wouldn’t you go to that dealership (the expert), rather than Bob’s mixed auto lot?  Be sure you buy the most important protection your business needs from a company that specializes in real estate E&O.

When a company specializes in real estate E&O, they bring critical knowledge of your business risks to the design of your E&O policy. That can make the difference between helping you prevent claims and providing comprehensive coverage – to leaving you and your business exposed unnecessarily.

CRES specializes only in Real Estate E&O – and has for more than 20 years.  From the day we were founded, we’ve had 100% of our focus on protecting real estate agents, firms and other real estate industry specialists you work with every day. CRES has designed innovative coverage – as well as highly-unique tools specific to your daily activities — like:

  • ClaimPrevent® Legal Advice Service  (or our “stress-less Hotline”) — you’ll have on-call access to our team of local real estate litigation attorneys, who can help you review contracts, write letters, answer questions, and resolve issues early before they turn into claims.  (Your E&O investment starts working for you on day one – something few other insurance companies can say.)
  • Open House and Showings coverage – to cover you for bodily injury or property damage that occurs during these common selling activities. Can you believe that most E&O companies try to sell E&O to real estate agents and firms without this?
  • Free Building Permit History Reports – you can reduce your E&O retention (out-of-pocket claims expense) and your claims liability when you share Reports with buyers before close of sale. CRES real estate E&O + ClaimPrevent® policies come with at least 25 free Building Permit History Reports (a $99.95 value) and discount pricing on additional reports. With 1 in 5 claims resulting from permit issues, showing buyers the presence or absence of permits can help reduce your liability and E&O claims.
  • Seller’s E&O – You’ll attract more listings by offering $25,000 in Seller’s E&O coverage to protect your clients.
  • Qualified Home Warranties – you can increase your Seller’s E&O by up to $50,000, while reducing your own E&O retention (out-of-pocket claims expense) and claims liability risk. Policies up to 13 months offer a unique structural coverage option.

This blog/website is made available by CRES Insurance Services for educational purposes to give you general information and understanding of legal risks and insurance options, not to provide specific legal advice. This blog/website should not be used as a substitute for competent legal advice from a licensed professional attorney in your state. Claims examples are for illustrative purposes only. Read your policy for a complete description of what is covered and excluded.

Originally Published February 17, 2017

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