Real Estate Appraiser Liability
Even the most seasoned appraiser isn’t immune to misunderstandings or mistakes.
This reality, coupled with the sheer number of clients they serve and compromised housing market, can make them vulnerable to claims. Professional liability insurance can help them navigate potentially sticky situations, and provide a great deal of professional comfort.
Frequently Asked Questions
What is property appraiser insurance?
Property or real estate appraiser liability insurance can help the professional recover damages due to claims for genuine or perceived errors that can occur on the job.
Why do I need real estate appraiser insurance?
Property appraisers’ are increasingly carrying liability insurance as recent challenges in the housing market puts them at higher risk. Additionally, because a client’s satisfaction is largely subjective, it can sometimes bring unexpected claims — even if the appraiser took all of the necessary precautions.
What can I expect to pay for property appraiser insurance?
Insurance Innovations offers a variety of policies to meet the diverse needs of the real estate appraiser. Contact us directly during business hours or request a quote through our online form.
Doesn’t my general liability insurance provide the same protection?
No, property appraisers who only carry general liability insurance will not be protected for professional liability.