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Real Estate Errors and Omissions Insurance Corporation

A special act corporation formed pursuant to the Real Estate Services Act solely to provide errors and omissions insurance to British Columbia real estate licensees.

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February 15, 2017

How much am I covered for?

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The Indemnity Plan provides up to $1 million (including damages, claims expenses and deductibles) for all claims arising out of one error. If actual or alleged errors are related, they are considered one error and are subject to one policy limit. 

If a claim is relating to or arising out of damage to, destruction of, or loss of use of tangible property, there is only $100,000 in coverage (see Exclusion 5).

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