Real Estate E&O Insurance in CA

Leave your comments here on hard to place accounts.

Moderators: Josh, independent guy

Forum rules
Tip: If you are posting a market request, include the state abbreviation in your post title to get better responses.

Real Estate E&O Insurance in CA

Postby amcpeake » Wed May 06, 2009 1:24 pm

Hi I am looking to see who has good recommendations for markets that are broker friendly for Real Estate E&O. I have wrote Genstar through Landry (VIA Wholesaler).

Also anybody know about transaction based E&O in California, does it exist, is a good alternative?
Thanks,

Anthony
amcpeake
Insurance Journal Fan
 
Posts: 5
Joined: Thu Nov 20, 2008 11:41 am

Re: Real Estate E&O Insurance in CA

Postby mightyquinn » Thu May 07, 2009 1:33 pm

What is your definition of "transaction based?"

Specifically, what is your client: a RE broker, RE agent, mortgage broker, mortgage banker, title agent, etc.??

This is one area where it pays to be very specific in your description of risk/exposure.

Frankly, the GenStar program is good but it is onerus and an administrative pain in the neck. One thing that has always bothered me about it is if you have a builder who sets up a real estate pup to sell their own properties you have no coverage. Now, I don't know how that plays in, say, Iowa but in CA its can be a killer.
________________________________
"Free" ain't free
mightyquinn
Insurance Journal Addict
 
Posts: 37
Joined: Fri May 09, 2008 1:04 pm

Re: Real Estate E&O Insurance in CA

Postby eno4u » Thu May 07, 2009 2:01 pm

try Century Surety through their MGA the Norman-Spencer Agency (937) 432-1600. They are easy to work with and the policy can be endorsed to provide coverage for RE firms that list/sell homes constructed-developed by a wholly owned subsidiary of the RE firm.
eno4u
Insurance Journal Fan
 
Posts: 1
Joined: Thu May 07, 2009 1:51 pm

Re: Real Estate E&O Insurance in CA

Postby Ryan Gillispie » Tue May 19, 2009 9:59 am

Hi Anthony:

Yes, it does exist and it can be a good alternative. You should call CRES Programs at (877) 257-2737 x156 to discuss this program further.

CRES Insurance Services is the leading provider of Real Estate & Mortgage Broker E&O Insurance in California. We offer both Per Transaction and Annual payment plans with coverage offered through admitted carriers.

Please feel free to contact me with questions. You may also visit our website by clicking on the link below. We appoint qualified producers daily.

Regards,

Ryan Gillispie
Manager - Broker Services
CRES Programs
Direct: (877) 257-2737 x156
Fax: (858) 618-1655
http://www.cresprograms.com

CA License # 0D85894
Ryan Gillispie
Insurance Journal Fan
 
Posts: 2
Joined: Mon May 18, 2009 5:27 pm


Return to Hard-to-Place Accounts

Who is online

Users browsing this forum: Exabot [Bot] and 5 guests