What sort of insurance coverage to you carry to protect youself as an agent?

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Granda Metz
Majestic Realty, Park City, UT
www.grandametz.com
www.traverseridge.com

We have a company E&O policy which we pay a portion of each year, mine is about $1000. The rate of the company is based upon their litigation track record. We used to pay a per transaction one at one time, there are definitely different policies depending on your deductible and the total coverage. Most claims are under 50K unless a lawyer gets involved, the legal costs are some of the most expensive parts of these cases, unfortunately.

On my car, I think I carry either 500K or 1M coverage

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Santa Cruz Real Estate|Capitola Real Estate| Aptos Real Estate Santa Cruz is a vibrant community, located on the north end of Monterey Bay, and is home to artisans, beach goers, hi tech types, and college students. There is plenty of natural beauty from the ocean side coastal towns to the little mountain communities. Let my 30 years of local knowledge and 20 years of real estate help you find the right home or property in Santa Cruz.

Thanks

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Granda Metz
Majestic Realty, Park City, UT
www.grandametz.com
www.traverseridge.com

In this day and age of markets going down, people will like to sue an agent for their misfortune or stupidity. E & O insurance looks pretty cheap at that point.

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Santa Cruz Real Estate|Capitola Real Estate| Aptos Real Estate Santa Cruz is a vibrant community, located on the north end of Monterey Bay, and is home to artisans, beach goers, hi tech types, and college students. There is plenty of natural beauty from the ocean side coastal towns to the little mountain communities. Let my 30 years of local knowledge and 20 years of real estate help you find the right home or property in Santa Cruz.

E & O insurance is a must in today's sue happy age. I would shop around and get several quotes. You can find a good company E O policy for 600-1200 depending on your track record as Gregg mentioned. Company that NAR promotes seems to be on the high side, at least when I did my research.

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