Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on TwitterFollow AgentsOnline on Facebook

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Realtor CommunityA popular online real estate community since 1998!


Sponsored Links
How To Advertise Here
How To Advertise Here

Good Idea!
Realtors Directory

Sponsored Links
Top Posters (30 Days)
Barbara Herbert 31
Vermont 24
Mr. Clean 21
Trouble 20
Lucky Leonardo 19
RonnieEmz 18
Marksmith 13
WolfHouse 12
Z06Fanatic 12
Daniel1234 10
Aliya 8
David Hunter 8
RandomREODudeOK 7
sualk54 6
rjlocal22 5
Matched Content
Topic Options
Rate This Topic
#194425 - 01/17/08 06:01 PM How much is an E&O insurance policy
sc1stewart Offline

Registered: 10/29/07
Posts: 28
Loc: Ohio
Hi everyone, just wanted to ask anyone, How much is the average e&o insurance policy would be? I know it varies...just want to get an average amount


#194429 - 01/17/08 06:15 PM Re: How much is an E&O insurance policy [Re: sc1stewart]
Mr. Foreclosure Offline
Major Contributor

Registered: 09/01/06
Posts: 2834
Loc: upstate New York
You should be able to search the forum as this has been discussed before.

As an agent in a multi-agent office it would depend on how your broker allocates his cost.

If you are a broker asking about cost for your office it will depend on the amount of coverage you desire, how much of a deductible you are willing to risk, and the volume of business your company processes.

#205972 - 02/25/08 04:14 AM Re: How much is an E&O insurance policy [Re: Mr. Foreclosure]
Toby_Munk Offline

Registered: 02/24/08
Posts: 38
Loc: Colorado, USA
E&O costs me about $275 per year in Colorado
Toby Munk is a Realtor for luxury Aspen Real Estate. His focus is on online marketing offering Aspen & Snowmass MLS search and other resources to clients interested in luxury real estate.

#206083 - 02/25/08 03:24 PM Re: How much is an E&O insurance policy [Re: Toby_Munk]
Jeff Remas Offline

Registered: 02/16/08
Posts: 27
Loc: Northeastern Pennsylvania and ...
$4,000. per year for a home inspector.
Jeff Remas
REMAS Inspections, Inc.

#212476 - 03/18/08 12:34 AM Re: How much is an E&O insurance policy [Re: Jeff Remas]
Jumper Offline

Registered: 05/10/07
Posts: 14
Loc: OH
$590 for one million dollars worth of coverage for an appraiser in Ohio.

#213034 - 03/19/08 05:36 PM Re: How much is an E&O insurance policy [Re: Jumper]
Jim Lee Offline
Major Contributor

Registered: 07/01/99
Posts: 4785
Loc: Knoxville, Tennessee, Knox Cou...
We have a great deal in Tennessee. E & O is mandatory for all Tenenssee licensees.

The two-year premium payment of $306.00 per licensee for the group program is now due, if you wish
to participate in the group program. The group program provides the required limits of $100,000/$300,000 per licensee
with a $1,000 deductible for damages. ACTIVE licensees (brokers and salespersons) are REQUIRED to carry E&O
insurance. A firm is not required to carry E&O insurance.
I am not an attorney & I am not giving you any legal advice.

#213222 - 03/20/08 04:39 AM Re: How much is an E&O insurance policy [Re: Jim Lee]
Makin' Money Offline
Veteran Member

Registered: 04/01/06
Posts: 1280
Loc: Indiana
$750/$500,000 in Indiana

#216508 - 04/01/08 09:38 PM Re: How much is an E&O insurance policy [Re: Makin' Money]
Duncan Pollock Offline

Registered: 06/28/04
Posts: 148
Loc: Ontario, Canada
In Canada there's a blanket policy that's been negotiated by the Canadian Real Estate Association, to which all licensed agents have to belong.
The one (still being argued about) question is some reservations/conditions that apply to appraisals, but that's a different story.

Acts as an Exclusive Buyer Broker for residential and non-residential properties in Canada's Niagara Peninsula.

#220412 - 04/17/08 02:28 PM Re: How much is an E&O insurance policy [Re: Duncan Pollock]
KLM Offline

Registered: 03/25/08
Posts: 65
$250/500,000 in Missouri

#221341 - 04/21/08 04:26 PM Re: How much is an E&O insurance policy [Re: KLM]
beansie53 Offline

Registered: 04/10/08
Posts: 258
Loc: Michigan
$1900 for 1,000,000/2,000,000. I have a Real Estate and an Insurance Brokereage under one E & O policy.
REO/BPO's are my game, Jack is my name.
5th Generation Broker
Est. 1922

#221349 - 04/21/08 04:59 PM Re: How much is an E&O insurance policy [Re: beansie53]
SrM Offline

Registered: 11/08/07
Posts: 390
Loc: California
I pay $1675 a year through my broker. That's one of the payments I dread every year.

#457787 - 05/16/17 02:13 AM Re: How much is an E&O insurance policy [Re: sc1stewart]
Jo wanna Offline
Junior Member

Registered: 05/16/17
Posts: 1
Loc: canada
this seems to be worth checking out


Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.

Newest Members
Rodger, HOT-TUB, Realtors, kizzme, chanel majic
29473 Registered Users
Who's Online
4 registered (David Hunter, Trouble, Mr. G, 1 invisible), 53 Guests and 5 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

(Views)Popular Topics
No new orders today 13085357
Stupid MLS comments. 3264923
What do you know about Froy Candelario, top agent in USA 1179105
Stupid QC comments and BPO requirements. 1050876
New HUD Listing Brokers---Any Update? 1020705
Is there religious content in Buffini class? 815884
Let's talk about our cars 662781
Name that Flick. Great movie Lines. 598222
Pay it Forward - BPO/REO Tips & Tricks I & II 583034
Most common items found at an REO 560877
EML 459230
Main Street 412394
asset val seminar in colorado 403776
assist 2 sell or 1 percent realty? 337508
HOMONYMS - There, Their, and They're 303005
Evalonline 300066
Land America 285049
Mainstreet 261858
Featured Member
Registered: 09/27/05
Posts: 1598

How To Advertise Here

This site presented by RNC Internet Services