Availability: In all 50 states, D.C., Puerto Rico, and US Territories*
Coverage: Admitted with an A rated carrier
Eligibility: We offer coverage for firms and sole proprietors. The policy also provides coverage for any persons or entities rendering professional services on behalf of the applicant real estate firm or others.
Coverage is also available for a broad range of other real estate specialties, including:
- Commercial / industrial agents
- Farm and land agents
- Property management
- Appraisals
- Sale of property constructed or developed by a related entity
- Auctioneers
- Escrow and closing agents
Minimum premium: $460
Deductibles: Starting at $0
Limits: Up to $15M
Policy features:
- Agent Protection coverage up to $50,000 for first party medical expenses
- Telephone Consumer Protecton Act coverage up to $50,000
- Identity Theft Expenses coverage up to $20,000 for expenses resulting from an Identity Theft Event
- Loss of Earnings coverage up to $50,000
- License Proceedings coverage up to $50,000
- Discrimination coverage for defense and damages at no additional premium
- Definition of Insured includes trade names, predecessor firms, DBAs, and vicarious insureds
- Open house claim coverage for bodily injuries and property damage that happen during open house events
- Client cyber network damage claims coverage included for protection against security breaches or electronic infections affecting the client's network
- Professional Real Estate Services coverage applies regardless of the presence of written contracts or fees
- Virtual home tours eligible for coverage at no additional cost
- Use of drones when in the provision of a professional service is eligible for coverage at no additional cost
- Environmental hazards included to policy limits at no additional premium
- Public relations event coverage up to $50,000 per policy period
- Privacy response coverage up to $20,000 for expenses incurred by the insured due to a security breach
- Death, disability and non-practicing extended reporting periods at no additional premium
- Premium credits for favorable claims experience and participation in risk management programs
- The following coverages may be available for an additional premium:
- Construction/development
- Residential ownership
- Contingent bodily injury / property damage
- Endorsement for sales, leasing, and property management of 100% owned property
- Mold, Employment Practices Liability coverage and more
*Policy forms and policy terms may vary by state and territory. Not available in Guam.
Download the E&O solutions for REALTORS® guide
To learn more about our Real Estate E&O offering for NAR members, email realestate.us@victorinsurance.com.