Appraiser E&O Questions
Frequently Asked Questions
Errors and Omissions Coverage available for Appraisers in all states except Alaska and Lousiana
This is an individual appraiser policy.
It will only cover the appraiser whose name is on the policy. The firm(s) which the individual appraiser works for can be listed as an additional insured. We also provide policies for firms with multiple appraisers. Please check here for the correct application and supplement for your state.
Yes, we do cover trainees and you would be eligible for coverage.
We have three limit options:
We suggest you check with any lenders you do work for as many lenders have minimum limit requirements of at least option #2 $500,000/$1,000,000.
Yes, as long as there have not been any claims made against you.
Contact firstname.lastname@example.org or call 800-336-5422 for instructions on how to increase your limits midterm.
Perhaps. You should contact us to determine eligibility and the best course of action.
Are the real estate sales through the same company?
Is there separate E & O Insurance for the real estate sales?
You may want to review our real estate program which covers both real estate sales and real estate appraisals.
If you apply online at www.re_aprs.com and presently don't have insurance in force, your policy will be e-mailed to you within hours of completing the application and paying for the coverage. Otherwise policies are typically issued within a few business days of our receipt of the completed application and payment.
Prior Acts Coverage is coverage for past professional services. It is a date that is assigned on your insurance policy indicating how far back the insurance company will cover you for your professional services. For example if you have had continuous E&O Insurance in your name since 7/1/2003, this would be your prior acts date. The Insurance carrier will respond to a claim for work you performed from 7/1/2003 forward, assuming you have had continuous E&O Insurance with no lapses in coverage
Prior Acts Coverage is only available to Individual Appraisers who have maintained continuous Errors & Omissions Insurance in their name. We will need a copy of your expiring Declarations Page with the completed application to determine if you are eligible for prior acts coverage.
No. Prior Acts Coverage is only available if you have had continuous E&O Insurance in force.
An Extended Reporting Period is an extension of time in which you can report a claim. It does not extend coverage on a going forward basis, but extends the time in which you can report a claim for work done between your prior acts date and your expiration date. In the event of retirement or ceasing to practice, purchasing an Extending Reporting Period is advised. Several options are available. We recommend you contact your agent for more information.
Immediately fax or email any pertinent documents to the Herbert H. Landy Insurance Agency, 100 River Ridge Drive, Suite 301, Norwood, MA 02062. The fax number is 800-344-5422 and you can also call
You have access to a free and confidential legal hotline where an attorney may be able to provide assistance and direction on your matter. The toll-free number is 855-424-2468
E-mail email@example.com with the name and address of the lender requesting the certificate and we will email it back to you.