Real Estate E&O
Comprehensive Coverage. Competitive Pricing.
As a REALTOR®, you need to protect yourself from Errors & Omissions claims, but you need to make sure you have the right coverage, without overpaying. RealCare can offer E&O insurance with important policy features like coverage for agent-owned property, legal assistance for disciplinary proceedings, coverage for undisclosed fungi or bacteria on a property, lock box incidents, and coverage for fair housing discrimination lawsuits. You may also qualify for a deductible reduction. You can rely on RealCare to help you get the coverage you need at a price you can afford.
Policy Features
- AM Best Rating: A (Excellent) XII
- Deductible Forgiveness: Up to $5,000 with proof of the following: use of any Home Warranty and Property Inspection and Seller Disclosure and Standard sales contract*
- Fair Housing Discrimination: Up to $500,000 base policy period sublimit
- Lock Box/Open House: Policy limits: bodily injury, property damage
- Deductible Reduction: 50% reduction if the claim is settled within one year from the date of reporting. Maximum reduction $5,000
- Loss of Earning: $500/day, $7,500 Max per claim, $25K per year
- Residential Real Property Ownership: Included at no additional cost*
- Commercial Real Property Ownership: Included at no additional cost*
- Pollution Coverage: Policy limits: Unintentional nondisclosure
- Disciplinary Proceedings: $25K per claim/$50K each policy period
- Subpoena Assistance: $25,000 each subpoena
- Fungi and Bacteria Sublimit: Up to $500,000 included (failure to disclose)
- Reimbursement for Security Incidents: $25,000 per claim/$50,000 per policy period
- Reimbursement for Public Relations Crisis: $15,000 per claim/$30,000 policy period
- Non-Profit Directors’ & Officers’ Liability: $15,000 per claim/$30,000 per policy period
- Professional Reputation Protection: $5,000 per policy period
- Innocent Insured: Included
- Death or Disability Reporting Period: FREE Unlimited Extended Reporting Period
- Retirement Extended Reporting Period: New eligible age (59 ½) for FREE Unlimited ERP (conditions apply)*
- Real Estate Closing Services: Included at no additional cost*
- World Wide Coverage: Included at no additional cost*
- Drone Bodily Injury/Property Damage: Included at no additional cost*
- Contingent Bodily Injury/Property Damage: Optional for an additional premium; not available for Express
- Defense In Addition to Limits: AVAILABLE
- First Dollar Defense: AVAILABLE
- Fraudulently Induced Funds Transfer: $35,000 per policy period (can purchase higher limits)
*Requires enrollment in MPN Risk Management Program