What are the risks in performing Appraisals that a business or individual needs coverage for?

Appraisers run the risk of incorrectly appraising the value of certain properties. Typical appraising claims filed in court seek damages in connection with an alleged error in an appraisal.

Even if you’re named in a frivolous lawsuit, you can still incur significant legal fees that would be covered by Appraiser E&O.

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 January 5, 2017

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