North Carolina Association of REALTORS®
- NEW! E&O
Policy Features - Special
Features - Representative
Contact Info - Risk
Management - E&O
Estimate/Quote
Errors and Omissions (E&O) Policy Features
Introducing new Errors & Omissions Real Estate Professional Policy Features!
Introducing new Errors & Omissions Real Estate Professional Policy Features!
- New! Mold Endorsement: This important option now offers limits beginning at $100,000.
- New! Subpoena Assistance: No-cost legal assistance—$30,000 per policy period—for when you are not party to the claim.
- New! Free 3-year Extended Reporting Period: New policy provides free 3-year tail for death, disability, or retirement when insured with us for 4 years.
- New! Loss Mitigation Credit: Exclusive to Pearl Insurance—firms may receive credit for use of an experienced short-sale mitigation service resulting in reduced short-sale claims.
- New! Network & Privacy: Get protection if private client information is lost or stolen from your networks and more—a $25,000 sub-limit built into the policy!
- New! Not-for-Profit D&O: Exclusive to Pearl Insurance. Get Directors & Officers (D&O) Liability Insurance protection for not-for-profit activities.
- Improved! Agent-Owned Property: Get immediate coverage—no waiting period applies!
- Improved! Early Claims Resolution: Provides deductible reduction—now for defense and damages—when a claim is closed within 12 months.
- Improved! Open House Property Damage Coverage Option: Up to full policy limits.
The above features are limited to the following states: AL AZ AR CT DE DC FL GA IL IN KS ME MD MA MI MN MO MT NV NH NJ NC OH OK OR PA SC TX UT VT VA WA WV WI
Standard Policy Features
- Pearl's program is underwritten by the XL Insurance companies (Greenwich Insurance Company and Indian Harbor Insurance Company)—rated "A" (excellent) by A.M. Best
- Environmental Failure to Advise up to full policy limits (includes pollutants, asbestos, lead, and radon)
- Consent to Settle
- Attorney Selection by the Insurance Company or by the Insured with written consent
- Defense Outside Limits
- Innocent Partner Protection included for fraud and late reporting
- Personal Injury
- Coverage for the Sale of Agent-Owned Residential Properties held for over 180 days
- Short-Term Escrow
- Vicarious Liability for Franchise Corporation
- Risk Management Services
Errors & Omissions (E&O) Special Features
Get regularly updated risk management tools and services.
Assess and manage your potential risks and liabilities through Monthly Risk Managers, Quarterly Risk Management Newsletters, and articles addressing current real estate profession topics.
Learn valuable techniques from our Risk Management Webinar.
Throughout the course of this 40-minute session, you will learn to identify the risks and challenges that arise in a typical "day in the life" of a real estate professional and receive guidance on how to implement important and effective risk management techniques in your career. You'll also hear about real-life claim situations and get valuable tips on how to prevent them from happening to you.
Additional Features
Get regularly updated risk management tools and services.
Assess and manage your potential risks and liabilities through Monthly Risk Managers, Quarterly Risk Management Newsletters, and articles addressing current real estate profession topics.
Visit Our Blog
You can also be updated regularly on recent trends and news in real estate as well as risk management tips to help you avoid lawsuits through our Real Estate E&O blog.
You can also be updated regularly on recent trends and news in real estate as well as risk management tips to help you avoid lawsuits through our Real Estate E&O blog.
Learn valuable techniques from our Risk Management Webinar.
Throughout the course of this 40-minute session, you will learn to identify the risks and challenges that arise in a typical "day in the life" of a real estate professional and receive guidance on how to implement important and effective risk management techniques in your career. You'll also hear about real-life claim situations and get valuable tips on how to prevent them from happening to you.
Additional Features
- Worldwide coverage expanded to now cover an act or omission taking place anywhere in the world (removes previous physical limitations)
- All-new Public Relations Advisory Services providing up to $15,000 in coverage per qualifying event (limit $50,000 per policy period)
- Spousal coverage extension amends definition of insured to also include the lawful spouse or qualifying domestic partner of any present or former partner, member, officer, director, employee, or independent contractor
- Valuable new Liberalization Clause provides current insureds with automatic coverage for mid-term enhancements to the XL Insurance policy (if no premium is charged for the increased coverage)
- Reimbursement of Expenses increased to $750 per day, $10,000 per claim (up to $50,000 per policy period)
- Lockbox coverage to full policy limits (all types of lockboxes are covered; no deductible applies to this benefit)
- Open House Property Damage coverage ($50,000 sub-limit)
- 50% deductible reduction for claims resolved within one year (limit $5,000 per policy period; applies to damages only)
- Automatic Fair Housing Discrimination sub-limit of $250,000 that provides defense and damages (up to $1,000,000 available)
- $15,000 included for Regulatory Complaints with a $30,000 aggregate per policy period
- Coverage for services via the insured’s internet, email, telecommunications, and other similar systems
Representative Contact Information
Location: Peoria Heights, IL, 61616
Toll-free: 800-438-6169
Email: julie.west@pearlinsurance.com
Julie West
Firm Size: 1-39Location: Peoria Heights, IL, 61616
Toll-free: 800-438-6169
Email: julie.west@pearlinsurance.com
Risk Management
| Risk Manager Newsletter Access Published online monthly, our Risk Managers detail real-life claim situations and provide tips on how you can avoid making the same mistakes. As a Pearl insured you will gain access to the entire online archive. Learn more—view a sample by clicking the image to the right, or register today for even more samples. If you are already a member, please log in. |
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Receive a quote and choose to bind coverage or renew your policy. As a Pearl insured, you'll gain access to our quality Real Estate E&O Insurance as well as:
- Extensive Risk Management tools and services: See Risk Management Tools tab to learn more!
- Superior Customer Service
- Proactive Claims Handling and Assistance by the experienced XL Claims Staff
- Expert defense against a claim from your state's dedicated Panel Counsel
Not ready for a quote? Get an Estimate! No Obligation. No Registration. No Kidding!
Errors & Omissions coverage is underwritten by the XL Insurance companies (through Greenwich Insurance Company and Indian Harbor Insurance Company). This flyer is not a contract. Please consult the insurance policy for actual description of term coverages, amounts, conditions, limitations, and exclusions. Coverages may differ or may not be available in all states. Please contact Pearl Insurance for details.
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