REAL ESTATE AGENTS E&O

REAL ESTATE AGENTS E&O PROGRAM

Vanguard Specialty is the new Program Administrator for GenStar’s Real Estate Agents E&O program. It is available on a new business basis for policies with effective dates of January 1, 2024 and later, and for renewals with effective dates of April 1, 2024 and later.

EXISTING GENSTAR INSUREDS

Existing Real Estate Agents E&O accounts with GenStar can be renewed through the Vanguard Real Estate Agents E&O program using the same policy forms as expiring. 

New and Renewal Real Estate Agents E&O submissions should be sent to re.submissions@vanguardspecialty.com. 

TARGET MARKET

  • Real Estate Agents involved in residential and light commercial sales, leasing, and property management (max 50%)

  • Available in 33 states and DC (not available AK, CO, HI, ID, KY, LA, MS, MT, NE, NY, NM, ND, RI, SD, TN or WV)

  • Admitted in 30 states and DC (non-admitted in CA, OR and VA)

COVERAGES

  • A.M. Best A++ Rated Carriers

  • Limits from $300K/$600K to $2M/$2M

  • Agent-Owned Property Coverages

  • Open House and Lock Box to Full Policy Limits

  • Deductible Reduction for ADR and Risk Management

  • Environmental Hazards to Full Policy Limits

  • Innocent Insured Coverage

  • Risk Management Hotline for Pre-Claim Assistance

  • Contingent BI/PD Coverage

  • Free ERP for Death, Disability or Retirement

OTHER POLICY FEATURES

  • Fair Housing/Discrimination $250,000 (option to increase)

  • Fraudulent Funds Transfer $25,000

  • Nonprofit D&O $15,000/$30,000

  • Drone Photography $25,000

  • Board Proceeding Defense up to $25,000 per proceeding/$50,000 aggregate

  • Subpoena Expense up to $25,000 per Subpoena/$50,000 aggregate

  • Electronic Information/Third Party Privacy Notification

  • Costs up to $25,000 per event/$50,000 aggregate

  • Professional Reputation Protection $25,000 per event/$50,000 aggregate

This summary is for illustrative purposes only and is not a contract. It is intended to provide a general overview of the coverage afforded. A specimen copy of the entire policy is available upon request. Only the insurance policy and applicable endorsements can give the actual terms, coverages, conditions, limits, and exclusions. Coverage may not be available in all States.