This product targets both Individual Appraisers and Appraiser Firms.

Risks With Highest Hit Ratio!

• Firms that derive at least 70% of income from residential real-estate appraisals. (less than 50% from any 1 client or mortgage company required)
• Firms that have been in operation for 3 years or whose principal has held his or her appraisal license for at least 3 years.
• Individuals who have held their appraisal licenses for at least 1 year.
• No errors and omissions claims or disciplinary actions in the past 5 years.
• Average value of properties appraised is less than $400,000.
• Less than 10% of income from FHA appraisals.

Eligible Risks With Next Highest Hit Ratio!

• Appraiser trainees (any professional whose work needs to be approved by a licensed appraiser).
• Any licensed appraiser who has held his or her license less than 1 year.
• 1 errors or omissions claim or disciplinary action in the past 5 years.
• Individuals who earn more than $70,000 per year.

Product Advantages

• A++ rated carrier.
• Defense outside the limit.
• Internet Coverage Endorsement.
• Duty to defend.
• Full prior acts coverage available.
• Coverage can be written for an individual or for the firm.
• Real estate sales coverage available.
• General liability on occurrence basis available to $1,000,000.

Program Limits & Retentions

• For individuals, limits are available up to $1,000,000/2,000,000.
• For firm, limits are available up to $5,000,000.
• Retention's start at $0 for individuals and $2,500 for firms.