Professionals >> Home Appraisal >> Errors & Omissions
Home Appraisal Errors and Omissions from Insurance Management Associates, Inc.
As a home appraiser you know protecting your business and reputation is everything —and oftentimes a typical business insurance policy just isn’t enough. Professionals who provide expert advice for real estate or personal property are vulnerable to mistakes, and need a custom Errors and Omissions insurance plan.
Home appraiser e&o insurance is designed to cover you against client claims such as breach of duties, conflict of interest, future value of property being less than the appraisal, a client not getting the value they wanted, and so on.
Home appraiser e&o insurance typically offers coverage for judgments, settlements and defense costs. Even if the allegations against you are found to be unjustified, thousands of dollars may be needed in order for you to defend the lawsuit. Unwarranted lawsuits can bankrupt a small Home Appraising business or individual and have been known to have a lasting effect on an agency’s bottom line.
You’ve worked hard and dedicated yourself to the success of your business, so why allow it all to be at risk?
Protect your home appraising business or yourself with a custom home appraiser e&o insurance plan. Contact us today.