Real Estate Errors & Omissions Insurance Coverages

The Geo. F. Brown & Sons Real Estate Errors & Omissions Insurance coverage is provided by a carrier which is rated “A” Excellent" by A.M. Best Company and is endorsed by the NATIONAL ASSOCIATION OF REALTORS®.

This product offers the broadest coverage available at an affordable price.

In addition to providing coverage for Residential Sales, the Real Estate Errors & Omissions program provides coverage for firms that generate revenues in any of the following:

• Commercial Real Estate Sales

• Industrial Real Estate Sales

• Residential Farm/Ranch and Raw Land Sales

• Commercial Farm/Ranch and Raw Land Sales

• Property Management/Leasing

• Residential/Commercial Appraisals

• Real Estate Counseling

• Auctioneering

These products also provide coverage for firms that perform other services such as:

• Mortgage Brokering
• Business Brokering
• Title Agency
• Insurance Agents Errors & Omissions

This very comprehensive product provides:

• Each Claim/Aggregate limits of $100,000, $250,000, $500,000 and $1,000,000 with additional limit options available to $5,000,000

• Deductible options of $2,500, $3,500 $5,000 and $10,000 with higher deductible options available to $100,000

• Claim Expenses outside the Limits of Liability (Claim Expenses do not erode the per Claim or Aggregate limits)

• Consent to Settle Clause

• First Dollar Defense Coverage (available on a limited basis)

• Full Prior Acts coverage available to those who qualify

• Full Limit Lock Box Coverage

• Discrimination Defense & Indemnity Coverage

• Environmental Hazards Coverage available

• Coverage for the Listing and Sale of Real Estate Agent or Broker owned residential properties, including the primary residence and residential investment properties

• Coverage available for the sale of properties constructed/developed by a separately owned entity of the firm or a family member of an agent or broker

• Extended Reporting Period options of 1, 3, or 5 years and includes a Retiree Provision for those Named Insured’s who have retired or whose operation has been dissolved

Premium Discounts may be available for:

• Loss Control Seminar Attendance

• Use of Standard Contracts

• Homeowners Warranty

• Use of Disclosure Forms

• No Loss Premium Discount

• Low Loss Experience Premium Discount