Risk Eligibility

  • Risks with up to 50 agents/brokers and up to $5,000,000 in commission income
  • Firms that derive:
    • At least 65 percent of their commission income from residential real estate sales
    • Less than 10 percent of commission income from the sale of homes built by them or a related construction or development company
  • Franchise and non-franchise real estate firms
  • Applicant deriving commission income from property management activities
  • New ventures

Contact an Underwriter at 877-742-9875

SUBJECT TO UNDERWRITING REVIEW

  • Up to two errors and omissions claims or circumstances in the past five years
  • Disciplinary action against a member of the real estate firm

AVAILABLE LIMITS

  • Errors and omissions up to $5,000,000
  • Discrimination sublimit included at $250,000
  • Lockbox sublimit included at $50,000
  • Open house sublimit available at $50,000
  • General liability available at $1,000,000/$2,000,000
  • Business personal property up to $250,000

DEDUCTIBLES

  • Errors and omissions starts at $2,500
  • Preferred package liability deductible is $0 with property deductibles starting at $1,000

MOST COMMON INELIGIBLE RISK CHARACTERISTICS

  • Specialty in sales of properties with average values exceeding $600,000
  • Principal of the firm has had disciplinary action that resulted in his/her license being suspended or revoked
  • More than 10 percent of commission income derived from:
    • One builder or developer
    • One location or development
    • The sale of personally owned properties
  • Located in AL, AK, CA, CO, HI, ID, IA, KY, LA, MS, NE, NM, SD, TN, TX or WV

NOTE: Ineligible risk characteristics include, but are not limited to those listed above.

CONTACT AN UNDERWRITER FOR MORE INFORMATION AT 877-742-9875 OR CLICK HERE TO FILE A SUBMISSION