Four Tips for Selecting the Right E&O Carrier – Tip #2
Guy Chipman from the Texas Association of REALTORS® wrote a well-received article entitled “Errors, Omissions, and Lawsuits, Oh My!” on the key lessons he learned while looking for an E&O provider. We will be posting one tip per week from Chipman’s article, with Pearl’s comments in italics. See what Pearl E&O coverage offers.
2. Make sure all your services are covered. If the insurer can’t cover all of the services your company offers—residential, commercial, property management—it’s probably not the right company to meet your E&O needs.
Pearl’s policy covers property managers, appraisers, auctioneers, assistants to agents and business brokers. Beyond covering all aspects of real estate practice, we offers flexibility to ensure that each individual realtor’s individual needs are met. Pearl offers per claim coverage and aggregate limits ranging from $250,000 to $5,000,000, and deductibles from $1,000 to $25,000, or higher. Pearl gives all of our customers’ individualized attention in order to customize a plan that is ideal for their needs and business focus.
Have you ever struggled with an E&O agent unable to meet your needs? How do you pick the right E&O Provider? Let us know by posting a comment below!
