Appraisers Errors & Omissions

Real Estate Appraisers Errors & Omissions Insurance

Protect yourself and your business with comprehensive E&O coverage.

What is E&O Insurance?

Errors and Omissions (E&O) insurance for appraisers is designed to cover legal fees and settlements resulting from claims that your professional advice or service caused financial loss to your clients. Protect your business with specialized Errors and Omissions insurance built from the ground up for appraisers. Don’t rely on a miscellaneous E&O policy to cover you when you need it most.

Why Do Real Estate Appraisers Need E&O Insurance?

Errors in Reports: Mistakes in documentation or advice given to clients.
Disciplinary Actions: Complaints to the local board against your license.
Over/Under Valuation: Claims you valued the property wrong, damaging the client.
Discrimination: Claims you treated members of protected classes differently/ worse than others.
Legal Protection: E&O insurance can cover legal fees and settlements if you’re sued for errors in your professional services.
Client Trust: Demonstrates professionalism and commitment to service quality.
Financial Security: Protects your personal assets from being used to settle claims.

What Does E&O Insurance Cover?

Typically, E&O insurance for real estate appraisers covers:

Defense costs for covered claims.
Settlements or judgments up to the policy limits.
Court costs if a claim goes to trial.
And MUCH more.

Common exclusions might include:

Intentional acts of fraud or dishonesty.
Property damage or bodily injury claims.

How to Get E&O Insurance

Getting E&O insurance for your real estate business is straightforward:

Assess Your Needs: Consider your transaction volume, property values, and any specialized services you offer.
Compare Quotes: Look for policy details, coverage limits, premiums, and insurer reputation.
Purchase: Buy from a reputable insurer or through a trusted insurance broker. We look forward to earning your business!

Applicatons

Download Individual Appraiser Application
Download Appraisal Firm Application