The Select Program
The Select Program is designed for the middle market segment of the Real Estate Industry Services Program. Select provides errors and omissions coverage for agencies transacting a variety of residential and commercial services. Residential firms with up to $20 million in gross commission income and commercial firms with up to $2.5 million in gross commission income are covered in the Select Program. Coverage is available for larger firms; please see our Realty Industry Services Program. Schinnerer's Select Program is widely recognized as a market leader. In fact, Schinnerer introduced the first E&O coverage for fair housing violations and environmental hazards like asbestos, lead-based paint, formaldehyde, and radon. Select also offers a wide choice of limits and deductible options, making the program attractive and affordable to real estate firms of all sizes.
Policy Highlights
Contact: Brian Cropp
Brian.E.Cropp@Schinnerer.com
(301) 961-9897
Target Risks or Classes: Independently owned and operated real estate firms providing third party services
Difficult Risks or Classes: Development, construction, construction management, mortgage bankers, escrow agents
Available on Admitted Basis in: CA
Special 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 CNA Real Estate E&O claims specialists; complimentary pre-claims advice
Policy highlights in a printer-friendly format.
Apply now: To apply for full coverage, please print the Real Estate Agents Errors and Omissions Liability application, fill it out and send it to your broker.
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Available Only Through Independent Agents And Brokers
This information is for illustrative purposes only and is not a contract. It is intended to provide a general overview of the plan described. Please remember only the insurance policy can give actual terms, coverage, amounts, conditions and exclusions. Program availability and coverage are subject to state regulatory approval.
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