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Real estate E&O insurance

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Posted: Mon Jan 18, 2010 12:25 pm   Post subject: Real estate E&O insurance   I'll be joining as a real estate appraiser in Tx. I've been advised to apply for E&O insurance. Will it really be useful for professionals like me? _________________ Register Now to have your Insurance queries solved.	Reappraiser Guest
Posted: Tue Jan 19, 2010 6:12 am   Post subject:    See chances are there that when you'd face a lawsuit filed by someone, you'd also face a complaint that they might register with your state RE commission. Under such circumstances, E&O insurance could be of great help to you! You must consult with an agent regarding the liability limits that you'd need to maintain. _________________ Register Now to have your Insurance queries solved.	anonymous00 Guest
Posted: Tue Jan 19, 2010 9:02 am   Post subject:    As a real estate agent if you're negligent towards your duties, then you may face a lawsuit some day. E&O insurance covers you for claims that may arise due to such negligence.	steven Senior member Joined: 02 Feb 2006 Posts: 1553 215.65 Dollars($)
Posted: Wed Jan 20, 2010 6:44 am   Post subject:    Hi, I guess there are some possible coverage exclusions resulting out of the following types of claims. 1. Claims referring to any of your malpractices as an insurance professional. 2. Claims referring to any of your activities leading to death or injuries caused to another person. 3. Claims referring to your activities that may have caused damage to someone else's property. _________________ Register Now to have your Insurance queries solved.	Birdygel Guest
Posted: Thu Jan 21, 2010 9:48 am   Post subject:    You could certainly recommend any action to your buyer that you might think would be necessary for him. Get all recommended actions signed by him. This would certainly help you if in the future he comes complaining about the problem.	RupertWBradson Senior member Joined: 05 Jul 2007 Posts: 703 131.50 Dollars($)

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