Real Estate Professional Liability
Summary of Coverage
Our market(A++ rated) is a leader of professional liability coverage for real estate industry professionals. With their broad definition of professional services and the ever-changing world of real estate, our real estate professional liability insurance can protect you. Coverage is offered on a duty to defend policy form with flexible limit options.
They have a target risk revenue range between $100,000 to $100 million. Limits of liability up to $5 million / $5 million are available for qualified risks, with minimum deductibles of $1,000.
Highlights
• Broad definition of Real Estate Professional Services
• Network security and privacy coverage
• Open House coverage at full policy limits*
• Lock box coverage at full policy limits*
• 3rd party discrimination at full policy limits*
• Failure to disclose pollutants at full policy limits*
• Public relations expense coverage
• Modified Consent to Settle Clause
• Aggregate Deductible clause of three (3) times the Policy deductible included automatically
• Fair housing discrimination coverage • Personal injury coverage
• Mediation provision to reduce the deductible
• Diminishing deductible available for qualified risks
• Automatic vicarious liability coverage for the real estate Franchise Corporation of the Named Insured
• Automatic 60-day extended reporting period
• Pre-claims assistance hotline included
Coverages marked (*) may be subject to a specific Sublimit of Liability in certain States
Best For
• Real estate agents / brokers
• Real estate leasing agents
• Property managers
• Auctioneers
• Mortgage brokers and mortgage bankers
• Title agents and title abstractors