E & O Insurance

Real Estate Agent with Prime Real Estate

    So the other day I was having a conversation with another agent and he was saying that he just found out that his E & O insurance does not cover him on short sales, cash for key etc...

    I have my E & O through the company that I work for so I got to thinking I wonder if our coverage works on those kinds of transactions.  Then I started thinking about the deductible you know all the things you don't think about until you need it. 

     I do a lot of short sale and distressed properties so I started googling around the internet to see what the different companies have and on the ones that I found they all asked the same question do you or anyone that would be covered do cash for keys, foreclosures etc.. So now on Monday I will be checking with our company to find out if this covers me or whether I need to get other coverage. 

Just a word of advice with all the distressed properties that seem to be a part of our everyday life we should probably all be checking.

Posted by

Valarie Kubacki

Prime Real Estate



Serving all of Northwest Indiana

Porter County, Lake County, Jasper County, La Porte County, Newton County


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Maya Swamy
Funds Available - Long Beach, CA
Ph.D. Long Beach, CA - fundsavailable.com

Thank you bringing this up. My E&O comes up for renewal in April and this is something I will be stressing. If your company does cover them would you send me message. I am in California. Meanwhile I have a general liability policy backing up my E&O and that will cover me.

Jan 23, 2011 07:42 AM #1
Billie Hillier
http://702IsHome.com - North Las Vegas, NV
Savvy Home Realty Solutions

Yikes! Mine is through my broker, Prudential but smaller firms should probably be cautious.

Jan 23, 2011 07:52 AM #2
Doug Rogers
Bayou Properties - Alexandria, LA
Your Alexandria Louisiana Agent

I never even thought about this! Thanks for the heads up!

Jan 23, 2011 08:34 AM #3
Valarie Kubacki
Prime Real Estate - Valparaiso, IN
Broker Associate, CDPE - 5Star

@Billie mine is too but I will be checking on Monday if I need to add other coverage I will.  Just because its through your broker doesn't mean there is coverage.

Jan 23, 2011 10:08 AM #4
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Valarie Kubacki

Broker Associate, CDPE - 5Star
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