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Specifications for NY

Contact:
Sonya Mills
(301) 961-9865
Sonya.T.Mills@Schinnerer.com
 
Target Risks or Classes: Independently owned and operated real estate firms providing third party services

Difficult Risks or Classes: Development, construction, construction management

Availability: On an admitted basis in NY

 

Program Features

  • Broad coverage for professional services associated with the real estate industry, including coverage for firms involved in residential sales, commercial sales/leasing, property management, consulting, appraisal, auctioneering, and mortgage brokering
  • First dollar defense
  • Coverage for personal injury, lockbox liability, and sale of an agent's personal residence and/or secondary residence
  • Optional environmental hazards coverage
  • Discrimination coverage ($25,000 sublimit)
  • Credits up to 25 percent for good claims experience and participation in loss prevention and risk management programs
  • Optional coverage for developed and constructed properties by a separate entity owned by the insured
  • Optional coverage for the sale of residential property owned by an insured/insured's spouse
  • Risk management and loss prevention services available; 50 percent deductible credit for use of mediation (up to $25,000 credit)
  • Local claims service provided by real estate E&O claims specialists and complimentary pre-claims advice