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Importance of E & O insurance for Real Estate Agents
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••••••>Importance of E & O insurance for Real Estate Agents
Real Estate E & O Insurance has become a basic necessity for real estate
agents and brokerage firms in today’s litigious business environment.
Even a
single...
[More]
••••••>Importance of E & O insurance for Real Estate Agents
Real Estate E & O Insurance has become a basic necessity for real estate
agents and brokerage firms in today’s litigious business environment.
Even a
single lawsuit can prove disastrous to a real estate business.
Fortunately,
these days there are several insurance schemes that are specifically tailored
to meet the unique needs of the real estate industry.
E & O insurance or ‘Errors and Omissions Insurance’ for instance is a
precautionary malpractice insurance coverage aimed at real estate
professionals.
Such insurance policies typically protect the possessors from
financial losses resulting from lawsuits related to their work and/or real estate
dealings.
Real estate E&O insurance usually cover such key points as:
• Personal injury up to full policy limits
• Defense costs including the defending attorney’s fees and a
predetermined daily amount to be covered for loss of earnings due to
trial attendance
• Lock box coverage
•
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agent,
agents,
business,
coverage,
defense,
estate,
insurance,
kind,
limitations,
personal,
policies,
policy,
property,
real,
research,
specific,
typically
