Errors And Omissions Insurance Real Estate

In some states, E&O insurance is mandatory. Even if it's not legally required, many brokerages require their agents to carry it.

Tail coverage extends your E&O Insurance Coverage after you leave a brokerage or retire. It protects you from claims that may arise from past services.

The appropriate coverage amount depends on your individual circumstances, including your risk tolerance and the value of the properties you typically handle. Consulting with an insurance professional is recommended.

Common exclusions may include fraudulent acts, criminal activities, and intentional misrepresentation.

You can reduce your premiums by increasing your deductible, maintaining a clean claims history, and participating in continuing education courses.