Is Real Estate Liability Insurance Right for You?
Real estate professionals often face varying expectations from client to client. These same clients likely have high level of emotional and financial investment in the purchase. All of this means that it is critical for real estate professionals to seek out liability insurance. Wholesale real estate liability insurance is smart way to keep you and your business safe.
Who is Eligible for Real Estate Liability Insurance?
There are a number of real estate professionals that qualify for this type of insurance. While this list is not comprehensive, it is a good idea to seek out coverage if your title is included below:
- Property Managers
- Escrow Agents
- Real Estate Brokers
- Escrow Agents
All of these professionals are potentially at risk for unwanted litigation. It is best to meet with a professional insurance wholesaler to discuss the insurance packages available to you.
What Type of Coverage is Available?
While individual insurance packages will likely be tailored to the specific needs of you and your company, it is important to have an understanding of the types of coverage offered. Liability insurance for real estate professionals often include coverage for:
- Environmental Hazards
- Fair Housing Claims Defense
- Property Management
- Prior Acts
- Privacy Breach
- Business Brokerage
- Lock Box Claims
If you are a real estate professional and you do not currently have liability insurance or are looking to upgrade, it may be the time to consider wholesale real estate liability insurance. Contact a nearby wholesale provider to find a package that is right for you.