REAL ESTATE APPRAISERS
Real Estate Appraiser E&O Insurance
for Appraisers & Firms
Professional liability coverage for allegations arising from covered real estate appraisal, valuation and related professional services.
15+ Years
Experience
Independent
Broker
Multiple
Insurance Markets
CA License
#0F89428
APPRAISER PROFESSIONAL LIABILITY
What Real Estate Appraiser E&O Covers
Real estate appraiser Errors & Omissions insurance may respond to covered claims alleging negligent acts, errors or omissions arising from professional appraisal or valuation services.
Coverage depends on the Named Insured, the policy definition of Insured, and the appraisal-related Insured Services shown or defined in the policy.
Professional Appraisal Services
Depending on the policy, insured services may include:
● Residential real estate appraisals
● Commercial appraisals, when approved
● Property valuation and appraisal reports
● Review appraisals, when included
● Consulting or expert services, when approved
● Other valuation services specifically included by the policy
POLICY BASICS
How the Policy Works
Real estate appraiser E&O policies are commonly written on a claims-made basis. Prior acts, insured services, limits, retention and defense-cost treatment should be reviewed together.
▤
Claims-Made Basis
Covers claims first made against you during the policy period.
◷
Retroactive / Prior Acts Date
May provide coverage for eligible claims arising from work performed after this date.
▥
Limits of Liability
The maximum amount the policy will pay for a covered claim or in total during the policy period.
◉
Retention or Deductible
The amount you are responsible for before the policy pays, depending on the form.
◇
Defense Costs
May be inside or outside the limits, depending on the policy.
▤
Extended Reporting Period (ERP)
Optional coverage to report a claim after the policy ends, subject to policy terms.
ADDITIONAL COVERAGE OPTIONS
Appraiser-Specific
Coverage Considerations
Appraisers should review the professional services and assignment characteristics that can affect eligibility, wording or endorsements:
● Residential versus commercial appraisal activity
● Annual number and type of assignments
● Largest or most complex valuation work
● Review, consulting or expert-witness services
● Work for lenders, attorneys, investors or private clients
● Prior claims, complaints or disciplinary matters
● Current carrier, retroactive date and continuity
● Recordkeeping and data-security practices
Coverage availability depends on the insurer, state, policy form, underwriting and the services performed.
RELATED PROFESSIONAL LIABILITY
Related Real Estate Professional Liability
Appraisers often work alongside real estate brokerages, mortgage professionals, property managers and escrow companies. ECLICK provides separate professional-liability paths for those operations.
Real Estate Agent & Brokerage E&O
Professional liability coverage for real estate agents, brokers and brokerage firms.
Property Manager E&O
Professional liability coverage for residential and commercial property-management services.
Escrow Company E&O
Professional liability coverage for escrow companies and escrow officers.
OUR APPROACH
How ECLICK Reviews an Appraiser E&O Risk
We review your appraisal services, assignment mix, business structure and prior coverage before approaching available markets and comparing policy terms.
01
Understand the Appraisal Business
We review entity structure, credentials, appraisal volume, staff and the states where services are performed.
02
Confirm Appraisal Services & Prior Acts
We confirm residential, commercial, review, consulting or other appraisal services, along with retroactive date and claims history.
03
Approach Available Markets
We pursue appropriate options from carriers, specialty programs, MGAs and wholesale markets available to ECLICK.
04
Compare Policy Terms
We compare insured services, limits, retention, defense-cost treatment, endorsements, conditions and premium.
COMMON QUESTIONS
Questions Before
You Bind
Get answers to common questions about real estate appraiser E&O, prior acts, insured services and policy terms.
Who is insured under a real estate appraiser E&O policy?
The Named Insured and the policy definition of Insured control who may qualify for protection. Owners, employees, staff appraisers and independent contractors should be reviewed against the actual form.
How does prior-acts coverage apply to past appraisal assignments?
Prior-acts coverage may apply to eligible appraisal services performed before the current policy period, subject to the retroactive date, continuous coverage, known-circumstance provisions and other policy terms.
Do defense costs reduce my E&O limit?
It depends on the policy. Some forms treat defense expenses within the liability limit, while others may provide separate or additional defense provisions. This can materially affect how much limit remains available.
Can real estate sales or other financial services be included?
They may be, depending on the insurer and policy form. Real estate sales, appraisal, consulting, lending and other financial services should be disclosed so the insured-services definition can be reviewed.
READY TO GET STARTED?
Get a Real Estate Appraiser E&O Quote
Speak with an ECLICK specialist about your appraisal business, insured services and coverage options.
Speak with a Specialist →