Specifications

Contact:

Melissa McLean

(301) 951-5441
vos.realestate@Schinnerer.com

Minimum deductible: $1,000

Minimum premium: From $300 to $925

Limits: Up to $5 million

Availability: AK, AL, AR, AZ, CT, DC, DE, FL, GA, HI, IL, IN, KS, MA, MD, ME, MI, MN, MO, MT, NC, NH, NJ, NM, NV, OH, OK, OR, PA, SC, TX, UT, VA, VT, WA, WI, WV, WY

Target Risks: Independently owned and operated real estate firms providing third party services

Difficult Risks: Development, construction and construction management

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, appraisals, auctioneering, and mortgage brokers
• Employment Practices coverage. Check your state's availability here. 
• Coverage for property management of 100% owned properties
• Licensing proceedings coverage up to $10,000 per policy period
• First dollar defense
• Coverage for short term escrow agents
• Coverage for personal injury, lockbox liability, and the sale of an agent's primary residence and/or secondary residence
• Discrimination coverage for defense and damages ($100,000 sublimit)
• Environmental Hazards included to policy limits
• Optional coverage for the sale of properties constructed/developed by a separate but related entity
• Optional coverage for the sale of residential property owned by an insured/insured's spouse
• Credits up to 35 percent for favorable claims experience and participation in loss prevention and risk management programs
• Risk management and loss prevention services available;
• 50% deductible credit for use of mediation (up to $25,000 credit)
• Local claims service provided by real estate E&O claims specialists
• Free subpoena assistance
• Free pre-claims assistance

Policy highlights in a printer-friendly format.