Real Estate Appraisers E&O Insurance
OREP specializes in placing errors and omissions insurance and providing valuable benefits to real estate appraisers, home inspectors, real estate agents and brokers, mortgage field service professionals, mortgage brokers, title and others. OREP offers the lowest rates on home inspector's insurance with same day coverage & confirmation (most cases). For instant E&O quotes for home inspectors click here.
General Liability Insurance protects the insured home inspector in the event that he or she is sued for damage caused to the home or property being inspected or if someone is injured through the home inspector's actions or inactions while on the job.
BIPD Coverage--or Contingent Bodily Injury (BI) and Property Damage (PD) coverage is very similar to general liability and provides premises coverage for bodily injury and property damage claims that arise out of incidents that occur while the inspector is at the job site. (Example: knocking over a vase. And for any Bodily Injury or Property Damage that result after the inspection. Example: deck falls off the house one month after an inspection.)
This new Home Inspector insurance program includes most coverages in the minimum premium, including Bodily Injury/Property Damage (BIPD) (Premises coverage). For more on why having incidental coverage is so important, read: Don’t Inspect for Pests—Sued Anyway?
who are paying extra for
‘add on’ coverages, or worse, going without the full
coverage they need to save money, don’t need to any longer.
coverage is included in the minimum premium, including
E&O and premises coverage,”
said David Brauner, Senior Broker at OREP.
The Minimum Insurance
Premium is $1,250, which provides a Coverage Limit of $300,000
Aggregate/$100,000 each Occurrence for E&O/BIPD. Choice of coverage limits and
deductibles are available. Easy Financing. Find details at
David Brauner Calif. Insurance License: #0C89873
Offering Real Estate Appraisers Professional Liability Errors and Omissions or E&O Insurance - Inspectors Professional Liability Errors Omissions or E&O Insurance