New Real Estate E&O Policy Form

The admitted filing of Schinnerer's new real estate E&O policy form is currently underway. The policy is now available in the following states AK, AL, AR, AZ, CO, CT, DC, DE, FL, GA, HI,* IA, ID, IL, IN, KS, KY, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY*, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV and WY.

Discover the new and enhanced features 

  • Discrimination coverage for defense and damages ($250,000 sublimit included)
  • Environmental hazards coverage is included
  • Coverage for failure to disclose the existence of mold, fungi, microbes or pollutants
  • Public relations event coverage up to $50,000 per policy period
  • Liberalization clause
  • New – Broad definition of insured - now includes coverage for subsidiaries and franchisors
  • Bodily injury and property damage coverage at full policy limits when lockbox or keyless entry system is used to enter the property
  • Privacy response coverage up to $20,000 for expenses incurred by the Insured due to a security breach
  • Coverage for client network damage claims
  • Personal injury protection
  • Coverage for the sale of real property when combined ownership interest is less than 25%
  • Coverage for the leasing of owned property when ownership is less than 50%
  • Coverage for property management of 100% owned property
  • Coverage for the sale of owned residential property
  • Subpoena assistance and pre-claims assistance included at no cost
  • Licensing proceedings coverage up to $30,000 per policy period
  • Waiver of deductible up to $5,000 per claim in a residential sales transaction when four risk management criteria are met
  • Mediation incentive – deductible reduction of 50% up to $25,000
  • Innocent insured protection
  • Open house property damage coverage
  • Loss of earnings reimbursement up to $500 per day up to a maximum of $15,000 per policy period
  • Non-practicing extended reporting period for retiring principals, partners or owners for no additional premium
  • Death and disability extended reporting period at no additional premium
  • Up to 25% premium credit for favorable claims experience
  • Defense costs in addition to the limit of liability

*Effective January 1, 2015. Coverage features may vary.


Scroll to top