APPRAISERS & AMCS
Available E&O and GL coverage for Individual Appraisers, Appraisal Firms, and Appraisal Management Companies (AMCs).
Are you an appraiser? View details here.
Contact Kate Kurtz
717.721.3500
katekurtz@norman-spencer.com
Trust Norman-Spencer to have your back.
Call us at (800) 543-3248 to learn more about application requirements and submission requirements.
Appraisers, Firms & AMCS Coverage
OVERVIEW
Norman-Spencer is working hand in hand with our AM Best Rating – A (Excellent) carrier to help with the placement of professional liability for Real Estate Appraisers. Over 25 years of experience as a program manager for all things appraisers, through good times and bad. We provide competitive pricing for both large and small Appraisal Companies! Same day coverage available to meet the needs of our clients, the coverage includes the following highlights:
Highlights
- Claims Made Error & Omission coverage for limits up to $2,000,000 with deductibles ranging from $0 to $10,000
- Claims Made Error & Omission coverage for limits up to $2,000,000 with deductibles ranging from $0 to $10,000.
- Competitive Premiums
- A-Rated Insurance Company
- Risk-Management Resources
- Ability to match Retroactive Dates with proof of prior coverage
- Broad definition of Named Insured (Including employees, officers, owners, subcontractors, and the entity itself)
- Broad definition of Professional Services (No exclusion for reviews, measurements, photographs, and specific types of appraisals)
- Vanishing Deductibles with no claims
- Optional Appraisal Management Company endorsement
- Generous Extended Reporting options (1–5 years or Unlimited). Retirement Extended Reporting for qualified insureds at no additional premium
- Premises Liability Sub-Limit (bodily injury and property damage during the on-site review of the property)
- Sub-Limits for Disciplinary Proceedings & Subpoena Assistance
- Discrimination Coverage