How does the real estate E&O policy insure transactions done for relatives?

CRES real estate E&O + ClaimPrevent® covers transactions where you as the agent are involved in listing and selling residential properties owned by relatives, as part of the Agent-Owned Property coverage. Single family residences up to a fourplex are included in the coverage.

Many E&O companies do not cover these transactions.  If they do offer coverage, they may only cover Agent-Owned Properties that are your primary residence.

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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