Specifications for CA

Contact:

Brian Cropp

(301) 961-9897
Brian.E.Cropp@Schinnerer.com

 

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

Difficult Risks: Development, construction, construction management

Availability: On an admitted basis in CA

Program Features

• 50% deductible credit for use of mediation up to a $25,000 maximum 180 days
• Lockbox coverage with a $10,000 sublimit
• Consent to settle credit
• Coverage for short term escrow agents
• Coverage for Property Management of 100% owned property
• Free subpoena assistance
• Pre-claims assistance at no cost
• Licensing proceedings coverage up to $10,000
• Coverage for the sale of an insured's primary and secondary residences even when the agent/owner is the selling, listing or closing agent
• Loss of earnings reimbursement up to $250 per day and a maximum of $10,000
• Up to 25% premium credit for favorable claims experience
• 10% Risk Management credit to qualifying firms
• Risk management and loss prevention services available
• Local claims service provided by real estate E&O claims specialists; complimentary pre-claims advice