Errors and Omissions Insurance for Real Estate Professionals

Customized coverage to fit your needs. Competitive rates, get your quote today!

It’s a sad but true fact of the real estate industry. No matter how careful you—or your staff—are, you’re always at risk of a malpractice lawsuit. And defending yourself against such a lawsuit (even if you’ve done nothing wrong!) can be damaging financially, professionally and personally.

If you think you’re protected because you already have professional liability insurance, you may be wrong. In fact, now more than ever, it’s critical for real estate professionals to have professional liability insurance designed exclusively for their unique needs.

RealProEandO Errors and Omissions Insurance Program offers just that—a custom-designed set of professional liability solutions created exclusively for real estate professionals, all at affordable, competitive rates.

Our program doesn’t just provide catch-all coverage. We’ve customized our programs for:

Protect yourself—and your career.

*Appraisers Errors & Omissions coverage, annual premiums projected for 2011 assuming 1) Retro date after 8/1/08 2) $300,000/$600,000 coverage limits 3) 80% or more revenues being from Residential appraisals 4) variable, based on state of residency.

Errors and Omissions Insurance FAQ's

How is General Star rated?

A.M. Best rating, General Star has an “A++ (Superior)” as opposed to Navigator's “A” rating
Standard & Poor rating, General Star has an “AA+” as opposed to Navigator's “A” rating.
Same experienced claim handling personnel.
Same quality pre-claim assistance hot-line.
Continuity of coverage with General Star.
With Marsh U.S. Consumer (Marsh), you will receive award winning customer service along with self service capabilities that Marsh is known for within the professional liability industry.

A.M. Best
Marsh U.S. Consumer, a service of Seabury & Smith, Inc. or Seabury & Smith Insurance Program Management (Marsh) makes no representations or warranties, expressed or implied, concerning the financial condition or solvency of any insurers. A.M. Best’s Ratings are under continuous review and subject to change and/or affirmation. For the latest Best’s Ratings and Best’s Company Reports (which include Best’s Ratings), visit the A.M. Best website at http://www.ambest.com. See Guide to Best’s Ratings for explanation of use and charges. Best’s Ratings reproduced herein appear under license from A.M. Best and do not constitute, either expressly or impliedly, an endorsement of Marsh U.S. Consumer or its recommendations, formulas, criteria or comparisons to any other ratings, rating scales or rating organizations which are published or referenced herein. A.M. Best is not responsible for transcription errors made in presenting Best’s Ratings. Best’s Ratings are proprietary and may not be reproduced or distributed without the express written permission of A.M. Best Company.

Standard & Poor’s (S&P) Marsh U.S. Consumer, a service of Seabury & Smith, Inc. or Seabury & Smith Insurance Program Management (Marsh) makes no representations or warranties, expressed or implied, concerning the financial condition or solvency of any insurers. Standard & Poor’s (“S&P”) ratings are under continuous review and subject to change and/or affirmation. For the latest S&P ratings and reports, visit the S&P website at http://www.standardandpoors.com. S&P ratings reproduced herein appear with the written permission of S&P and do not constitute, either expressly or impliedly, an endorsement of Marsh or its recommendations, formulas, criteria or comparisons to any other ratings, rating scales or rating organizations which are published or referenced herein. S&P is not responsible for transcription errors made in presenting S&P ratings. S&P ratings are proprietary and may not be reproduced or distributed without the express written permission of Standard & Poor’s.

What will the Marsh / General Star Program have to offer me?

For appraisers, you will now have a $0 deductible, $2,500 supplementary payment coverage to assist with legal fees in relation to a subpoena and a $2,500 supplementary payment coverage for Third Party Notification to cover costs incurred in relation to a data breach. The rates may also be different based on your prior acts coverage date.
For real estate agents, brokers and appraisers your policy is no longer offered through a risk purchasing group and is now an admitted product** in almost all states*.
Further enhancements will be coming for real estate agents.

* Agents and Brokers in California will be written on a surplus lines basis for those who do not qualify for the Online program. The online program for agents, brokers and appraisers will be an admitted product (pending DOI approvals).
**An admitted product is an approved insurance product by your states department of insurance.

I am a sub-producer / broker; who can I contact to get appointed with Marsh?

A specialized Errors & Omissions representative with Marsh will be handling sub-producer setup, contracts and appointments.
For immediate information you may contact Marsh directly at realproeando@marshpm.com or at 1-866-795-9613.

How soon can I get proof of insurance?

If you apply online at www.realproeando.com you can login with your customer number and password to retrieve your policy documents.
If you send in a paper application, please allow three to five business days to receive a copy of your declarations page.

How can we help you with your E&O Insurance coverage?

Please let us know of any questions or concerns you have. We want to make sure you completely understand your coverage through Marsh U.S. Consumer and how it can benefit you.

Mailing Address:

Marsh U.S. Consumer
12421 Meredith Dr
Urbandale, IA 50398

Call Center:

Phone: 1-866-795-9613
(8:00 a.m. to 5:00 p.m. Central, M-F)

Fax: 1-515-365-3043

Email:

eMail: realproeando@marshpm.com