The Texas REALTORS strongly encourages members to maintain EO insurance.

Is e&o insurance required for realtors in texas. Though EO insurance is not required in Texas this policy provides crucial protection and some states require real estate agents to carry it. Anuncio Why Go Elsewhere. Though EO insurance is not required in Texas this policy provides crucial protection and some states require real estate agents to carry it.

Errors and omissions insuranceEO for shortis a type of malpractice insurance coverage for real estate agents brokers and firms so they can avoid having to pay legal costs out of pocket. The package can include General Liability. But as a notary loan signing agent its an absolute must.

That is the difference between a notary bond and EO insurance. Understand that regular notary publics are not required by law to have EO. Commercial or Business Property coverage and the standard BOP form.

Financial damages due to a notarization error or omission filed against your NNA bond. Additionally how much EO insurance is required by TREC. Usually this means an injury that can be translated into economic terms ie.

It reduces your risk of being held liable for any financial loss or potential lawsuits that can result from mistakes that occur on your behalf. Remember though that EO coverage is needed to protect you from liability in your activities as an agent. The legal fund is not a substitute for errors-and-omissions insurance.

Get Insurance Quotes From AUs Leading Brands in Mins. EO Insurance for Texas Real Estate Professionals Policies Starting at 287 Higher EO Limits to Protect Your Assets Prevent Claims and Build Your Business. CRES Insurance is now a Texas Association of Realtors TAR Errors and Omissions Risk Management Partner.