Posted on 27 Feb 2013 by Neilson
Following the successful launch of its new real estate errors and omissions (E&O) policy form in January, Victor O. Schinnerer & Company, Inc. is pleased to announce that 18 more states have approved the expanded form, bringing the total number of approved states to 39.
Schinnerer's new policy provides additional insurance solutions for real estate professionals including privacy response coverage, discrimination coverage, bodily injury and property damage coverage arising out of lockbox claims, open house property damage coverage, free extended reporting period coverage, 100%-owned property management coverage, and public relations coverage.
The policy is now available in: AL, AZ, AK, CT, DC, DE, FL, GA, HI, IA, IN, ID, KS, KY, ME, MI, MN, MS, MO, MT, ND, NE, NH, NJ, NM, NV, NC, OH, OK, OR, PA, SC, SD, TN, TX, UT, WA, WI, and WY.
Additional filings are pending approval in AR, CO, IL, LA, MA, MD, RI, VA, and VT. Existing policyholders in approved states will be transferred to the new policy at renewal.
The additional approvals come on the heels of Schinnerer's 30th anniversary of providing insurance products and services to real estate professionals.
"Reaction to our new real estate E&O policy has been overwhelmingly positive, and I'm pleased that we will soon have approvals in nearly every state," said Eric Myers, vice president and manager of Schinnerer's Real Estate E&O program, "Schinnerer's longevity and expertise in the real estate market is unparalleled and allows us to truly understand the risks facing this industry and craft policies that meet our clients' needs."
Victor O. Schinnerer & Company, Inc. is one of the largest and most experienced underwriting managers of professional liability and specialty insurance programs in the world. Schinnerer now serves more than 46,000 insureds in various specialty industries through independent insurance agents and brokers. Learn more at www.schinnerer.com.