If only real estate errors and omissions were always easy to flag. Well, keep looking out for flags, and HMS will keep looking out for you with a custom real estate E&O insurance policy created by one of HMS National's expert risk specialist agents. By partnering with a national network of A.M. Best "A-rated" insurance underwriters, HMS creates customized E&O policies at the most competitive premiums - to protect your business and your budget.
For real estate professionals - including real estate brokers, real estate agents, property appraisers, mortgage brokers, title agents, title abstractors and home inspectors - having real estate E&O insurance is the safest and smartest way to do business. Request an easy, no-obligation Custom E&O Quote now, and we will contact you within 24 hours.
For more information about Errors and Omissions insurance, please visit the FAQ page or call (877) 877-7789.
For real estate professionals - including real estate brokers, real estate agents, property appraisers, mortgage brokers, title agents, title abstractors and home inspectors - having real estate E&O insurance is the safest and smartest way to do business. Request an easy, no-obligation Custom E&O Quote now, and we will contact you within 24 hours.
For more information about Errors and Omissions insurance, please visit the FAQ page or call (877) 877-7789.
Services
Real Estate Errors and Omissions Insurance is essential coverage for your real estate business and your reputation.
It's your protection against those circumstances you can't foresee when it comes to home buying and selling real estate transactions.
However careful you are and no matter how clear your foresight is, you may not be able to avoid a damaging lawsuit.
That's why, for over 25 years, HMS has helped make business safer, cost effective and more worry-free for thousands of real estate brokers, as well as real estate agents, appraisers, mortgage brokers, title agents, title abstractors and home inspectors.
It's your protection against those circumstances you can't foresee when it comes to home buying and selling real estate transactions.
However careful you are and no matter how clear your foresight is, you may not be able to avoid a damaging lawsuit.
That's why, for over 25 years, HMS has helped make business safer, cost effective and more worry-free for thousands of real estate brokers, as well as real estate agents, appraisers, mortgage brokers, title agents, title abstractors and home inspectors.
After receiving your expiration date information or a quote request, an HMS risk specialist will call to assist you in filling out your E&O insurance policy application.
Your HMS agent will present a selection of quotes, along with E&O policy benefits and recommendations.
Your HMS agent will help you select the policy that best suits your business needs, review and confirm your coverage and discuss payment options, including payment plans.
As an example of E&O premium financing, you may pay 40% down, with 30% due in 90 days, and 30% due in 180 days.
Your HMS agent will present a selection of quotes, along with E&O policy benefits and recommendations.
Your HMS agent will help you select the policy that best suits your business needs, review and confirm your coverage and discuss payment options, including payment plans.
As an example of E&O premium financing, you may pay 40% down, with 30% due in 90 days, and 30% due in 180 days.
E&O Insurance is protection against negligent acts and/or omissions resulting in personal injury, bodily injury and/or property damage liability to a client.
Error: An MLS listing for a home that has incorrect square footage without the sales associate's knowledge.
Omission: Similar to above, however, the sales associate is aware of the discrepancy and does not disclose the information to the buyer.
In either example, the buyer could sue the sales associate or the real estate agency, and an E&O policy may provide protection.
Error: An MLS listing for a home that has incorrect square footage without the sales associate's knowledge.
Omission: Similar to above, however, the sales associate is aware of the discrepancy and does not disclose the information to the buyer.
In either example, the buyer could sue the sales associate or the real estate agency, and an E&O policy may provide protection.
If you receive a written or verbal complaint from a client, you may have a claim on your hands.
When or if that happens, contact HMS Risk Management via phone or email.
If you have received a Real Estate E&O insurance claim, the first thing you should know is that HMS Risk Management specializes in supporting real estate professionals during this stressful time.
We will answer any questions you have, and then have you speak with the claim department of your insurance underwriter.
Once we put you in touch with your underwriter, he or she will ask you for details about the real estate transaction in question and help you complete all of the necessary forms.
When or if that happens, contact HMS Risk Management via phone or email.
If you have received a Real Estate E&O insurance claim, the first thing you should know is that HMS Risk Management specializes in supporting real estate professionals during this stressful time.
We will answer any questions you have, and then have you speak with the claim department of your insurance underwriter.
Once we put you in touch with your underwriter, he or she will ask you for details about the real estate transaction in question and help you complete all of the necessary forms.
Mandatory in some states, HMS E&O Insurance covers everyone in a real estate broker's office and reduces liability should one of your agents become involved in an E&O claim.
If an insurance E&O claim is filed, the HMS E&O policy absorbs all responsibility, and HMS Risk Management will defend the agent or broker on a covered claim, whether or not the allegations are groundless.
HMS E&O Insurance coverage protects agents' personal assets.
If a client files a claim against an agent, he or she should discuss the matter with their broker immediately - and not try to resolve the matter beforehand.
If an insurance E&O claim is filed, the HMS E&O policy absorbs all responsibility, and HMS Risk Management will defend the agent or broker on a covered claim, whether or not the allegations are groundless.
HMS E&O Insurance coverage protects agents' personal assets.
If a client files a claim against an agent, he or she should discuss the matter with their broker immediately - and not try to resolve the matter beforehand.
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