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.

  1. 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:

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