E&O Insurance for Real Estate Appraisers

Berxi™ offers industry-leading E&O insurance with the speed and ease that you’ve come to expect from modern, technology-focused companies. You can get a quote in minutes, and the efficiency we’ve built into the process means lower prices. (On average, we save customers 20%.)* And since Berxi is part of Berkshire Hathaway Specialty Insurance (BHSI), you can feel secure in knowing that you’re partnering with a company that’s focused on the long term.

get a quote

I Work in an Area With High-Value Homes, Condos, and Apartments. Does Your Policy Respond Differently?

It does not. However, you do have the flexibility to increase or decrease your limits of liability and your deductible during the quoting process, depending on the needs of your business.

Do You Offer Real Estate Appraisal Insurance for Professionals With Under Three Years of Experience?

Yes, we do. We offer policies to real estate appraisers with all levels of experience.**

get a quote

Will Your Policy Cover Me If I Work in Multiple States?

Yes, our policy will cover your work across state lines. When filling out your application form, just list the state in which you do the majority of your business.**

How Much Does a Real Estate Appraiser E&O Insurance Policy Cost?

E&O policies for real estate appraisers start at about $800 a year. However, the price of your particular policy will depend on a variety of factors, including — but not limited to — where you work, your experience, how much revenue you generate by appraising real estate, and the number of claims previously filed against you.**

The best way to get an idea of what your policy would cost is by getting a quote. The process takes a minute or two, and — if you choose to purchase — your policy can go into effect any day you’d like, including today.

get a quote

What's Covered Under a Berxi E&O Policy?

If you provide professional services to clients, professional liability coverage insures you against claims of negligence or delivering inadequate work products (also known as “errors and omissions” or E&O coverage).

If a claim is filed against you, we’ll assign you a lawyer from our network of defense attorneys who specialize in professional liability, and we’ll pay their legal fees. We’ll also pay for related defense costs (e.g., court fees, settlements).*

AMOUNT COVERED:
With flexible limits up to $1 million per claim/$2 million aggregate

If you’re investigated by a professional regulatory organization, we’ll appoint defense counsel for you and reimburse you for the attorney fees resulting from the investigation.*

AMOUNT COVERED:
$25,000 per policy period

If we ask you to attend any depositions, trials, hearings, or arbitration proceedings in support of your defense, we’ll reimburse you for actual lost wages and any reasonable and necessary expenses.*

AMOUNT COVERED:
$1,000 per day

If someone files a claim against you for a date when you didn’t have E&O coverage, we’ll cover you retroactively.* This applies to prior services if you have been continuously insured.

For Real Estate Brokers

The policy applies to damage to property, loss of items, or injuries that occur while you’re showing a home.*

AMOUNT COVERED:
Up to $100,000

The policy applies to claims alleging that you discriminated against someone in the sale, rental, or financing of a property based on race, color, religion, sex, or national origin.*

AMOUNT COVERED:
Up to full limits

The policy applies to claims arising out of allegations that you failed to disclose pollutants to a buyer.*

AMOUNT COVERED:
Up to full limits

Why Should I Choose Berxi for My E&O Insurance?

At Berxi, we’re working to create a better insurance experience for real estate appraisers by offering affordable coverage and outstanding service. Here are a few things that set us apart:

  • We’re part of Berkshire Hathaway Specialty Insurance Company. You could say that we’ve got the best of both worlds: While we’re as flexible as a start-up, we also have the financial stability to make sure we’re around for the long term.
  • We’re a direct-to-customer model. This means that we’re not just the people who sell you an insurance policy – we’re also the people who are responsible for handling your claim. There’s no one in the middle; it’s just us and you. Plus, working directly with us eliminates fees that are typical in insurance transactions. In fact, buying direct from us can save you as much as 20%. (Get a quick quote now and see for yourself.)
  • We’re digital. You can go onto our website to get a quote, buy a policy, and download your certificate of insurance – all in the exact same day. And if you ever need to file a claim, you can also do that digitally, too.
  • We’re here for our customers. When you call our support line, you won’t have to navigate through an endless phone tree or argue with a robot: You’ll reach a real-life human being who’ll work hard to answer all your questions. Being a customer-first company is part of our mission — and we have a great reputation for it.

"We started Berxi because we believe that we can make insurance better, faster, and more affordable by offering you a direct connection with an insurance company that cares about your needs. That means that you buy directly from us and you talk directly to us. We know you expect fast, seamless results from a company that really understands you — and that emphasis on technology, compassion, and customer satisfaction is all built into the Berxi mission."

Adam Yasan, Managing Director Berxi
“20% savings” is based on industry pricing averages as of March 2020.
Subject to terms and conditions of the policy. Quote and issuance of a policy are conditioned upon receipt and approval of the following 1) Practice Location; 2) Profession / Specialty; 3) Employment Status; 4) Coverage Type; 5) Hours Worked; and 6) Prior Claims Activity. Final pricing and terms of coverage may vary. Terms, pricing, and coverage may vary. Products not available in all states.

The smart, simple choice.

Take a few minutes and see for yourself.

get a quote View your saved quote

Find out in minutes how we can be part of your Possible.

get a quote