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: Melissa McLean
E-mail: vos.realestate@Schinnerer.com
Phone: (301) 951-5441
Availability: AL, AK, AR, AZ, CT, DC, DE, FL, GA, HI, IL, IN, KS, MA, MD, ME, MI, MN, MO,
MT, NC, NH, NJ, NM, NV, OH, OR, PA, SC, TX, UT, VA, VT, WA, WI, WV, WY
Target Risks or Classes: Independently owned and operated real estate firms providing third party services
Difficult Risks or Classes: Development, construction, construction management and mortgage bankers
Special 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 bankers
- 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
- Automatic Discrimination coverage
- Optional Environmental Hazards coverage
- 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)
- Consent credit
- Local claims service provided by CNA Real Estate E&O claims specialists
- Free subpoena assistance
- Free pre-claims assistance
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
(Please note: this document is in the Adobe Acrobat Portable Document Format [PDF]. Before viewing it, you may need to download the Adobe Acrobat Reader. The free Adobe® Acrobat® Reader allows you to view, navigate and print PDF files across all major computing platforms.)
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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