What Is Covered in a Real Estate Firm Liability Insurance Program?

Real estate firms may find themselves at especially high risk for getting wrapped up in unwanted litigation. It is not uncommon for these firms to be brokering deals with clients that have never spent this much money at once. Add to this the fact that if the client is buying a home, they likely have a very high emotional investment in the purchase. All of this increases the legal risk and demonstrates the importance of learning about professional liability insurance programs for real estate firms.

Available Coverage

While finding the right program for your firm will likely require sitting down and discussing your specific needs with an insurance wholesaler, it is important to know about the type of coverage available to you. This includes coverage for the following:

  • Property Management
  • Prior Acts
  • Environmental Hazards
  • Privacy Breach
  • Fair Housing Claims Defense
  • Lock Box Claims
  • Business Brokerage

Importance of Quality Coverage

The right program for your firm can be the difference between a lengthy and costly legal battle and peace of mind. When you work with an insurance wholesaler to understand the available professional liability insurance programs for real estate firms, you are making a move to protect you and your firm so that you can provide the best service possible to your clients.

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