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