Victor O. Schinnerer & Co., Inc. will decrease rates and expand coverage in the state of California for its real estate errors and omissions program.
Beginning April 1, 2010, the following rating changes take effect:
- 20 percent rate decrease for firms with up to $1 million in revenues and /or fees
- Up to 28 percent rate decrease for firms with $500,000 or less in revenues and/or fees
- Minimum premium reduced to $800
In addition to the rate decrease, the policy has been expanded to include coverage for the sale of owned property and several new options for extended reporting periods are available.
Schinnerer’s real estate E&O program is available to firms of all sizes. The program covers many types of real estate professionals including real estate brokers and agents, property managers, appraisers, auctioneers, leasing agents and mortgage brokers.
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