MPA: Real Estate Appraisers E&O Insurance

Real Estate Appraisers Insurance

With coverages available for both residential and commercial real estate appraisers, as well as appraiser trainees who have passed the exam, McGowan Program Administrators Real Estate Appraisers Errors and Omissions insurance provides the protection you need.

Have questions? Contact Neil McGowan for more information.

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Real Estate Appraisers Insurance Brochure

Product Details

ELIGIBLE CLASSES

Real Estate Appraisers
Residential Real Estate Appraisers
Commercial Real Estate Appraisers
Appraiser trainee eligible to purchase policy if passed exam

CARRIER

A.M. Best “A” Rated Carrier / Admitted Paper

TERRITORY

Nationwide except in Alaska, California, Hawaii, Louisiana and New York

PRODUCT/LIMITS

Errors & Omissions Insurance: Up to $5MM

SPECIAL FEATURES & COVERAGES

Express “Self-Rate” applications Incentive for early claims resolution
Coverage includes Residential and Commercial Appraisers
Prior Acts Coverage included with proof of continuous coverage
Reimbursement of Expenses for loss of earnings at attendance of a trial or hearing, at the Company’s request:
- $500 each day
- $7,500 each claim
- $25,000 per policy period
Disciplinary action defense:
- $2,500 each claim
- $25,000 per policy period
Subpoena Assistance – $5,000 per subpoena
Discrimination Coverage – $100,000 per claim
Unlimited retiree, disability or death, extended reporting period options

TO OBTAIN QUOTES

Pricing indications are provided with the submission of our application. Quotes are subject to a thoroughly-completed application.

We need the expiring declarations page if the insured has current coverage.

TO BIND COVERAGE

The following items are required in order to bind coverage:

A written request to bind.
A thoroughly-completed application.
A thoroughly-completed other services supplemental.
Expiring declarations page (if insured has current coverage)
Five years of currently-valued, carrier generated loss runs (if claims activity is indicated on the application). I do not need “hard copy”.