Excess insurance will protect you from claims that may exceed the amount of coverage available under the Indemnity Plan. Although the $2 …
Can I get a refund of my premium if I leave the business for any reason?
If you surrender your real estate license during the first year of your two-year licence term, you can receive a refund of your second …
How much are my deductibles and when do I pay them?
The deductible, which is $2,000 per licensee, is only payable if E&O pays damages on your behalf. No deductible is payable if only …
What does E&O pay for?
The Indemnity Plan provides coverage for both expense and indemnity payments. Expenses are the costs of defending the claim, including …
How much am I covered for?
The Indemnity Plan provides up to $2 million (including damages, claims expenses and deductibles) for all claims arising out of one error. …
What am I covered for?
Coverage under the Indemnity Plan is for errors, omissions and negligent acts of licensees in the course of providing real estate services …
What do I pay for E&O coverage?
Annual fees are $250 per licensee per year and are paid every two years when you renew your license ($500 for the two-year licensing …