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: Jennifer Duffy
Jennifer.H.Duffy@Schinnerer.com
(301) 951-6933
Target Risks or Classes: Independently owned and operated real estate firms providing third party services
Difficult Risks or Classes: Development, construction, construction management
Available on Admitted Basis in: ID, RI, VI and PR
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, 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
- Automatic Fair Housing defense coverage
- Optional environmental hazards coverage
- Defense costs for real estate licensing board inquiries
- Credits up to 35 percent for good claims experience and participation in loss prevention and risk management programs
- 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 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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