Be careful of “miscellaneous” E&O policies which can lead to potentially dangerous coverage gaps. General E&O or liability insurance companies or brokers may offer you their standard E&O policy. But few other industries have lockboxes, leasing and property management, REOs and short sales, and other activities unique to real estate. Make sure the company you choose offers E&O designed to address the risks specific to what you do every day.
CRES E&O policies are specifically designed to cover Real Estate transactions – with coverage for lockboxes, residential leasing and property management, REOs and Short Sales – as well as:
Prior Acts coverage
Data Breach Notification
Open House and Showings
Commercial Real Estate activities
See the “What’s Included” and “CRES Extras” sections below for more information.
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.
Here’s how your real estate agents can use home staging as a tool to boost sales, but also manage the risks…
https://t.co/CjfktvTJYJReal Estate Pros can reduce out-of-pocket claims costs with a CRES Advantage 13-Month Home Warranty Plan by Fidelit… https://t.co/XFZ6Dgy5F8