back		  

NOT ALL REAL ESTATE E&O POLICIES ARE CREATED EQUAL

 
Williams Underwriting Group (WUG) has long understood that Real Estate Brokers require broad errors and omissions coverage to protect against professional liability claims.  To meet these needs we developed a competitively priced policy that automatically includes coverages that individual licensees and Firm's have requested.  Other policies may not include these coverage's or coverage may be available for an additional premium charge.  Please compare our coverages with our competitors and see the benefits  you recieve under the Williams Underwriting Group Real Estate Program.
       
Higher Limits of Liability Options WUG* State Program Other Policies
Can individual licensees purchase higher limits of liability of $250,000/$750,000 or $500,000/$1,000,000 on a guaranteed-issue basis? YES Yes or No Yes or No
Can Firm's purchase higher limits of liability of $250,000/$750,000 or $500,000/$1,000,000 on a guaranteed-issue basis? YES Yes or No Yes or No
       
Fair Housing Discrimination Coverage      
Does the policy automatically include a sub-limit of $25,000 maximum for all fair housing discrimination claims? YES Yes or No Yes or No
Does the limit apply to damages and claim expenses? YES Yes or No Yes or No
Does the coverage apply separately under the Firm's coverage? YES Yes or No Yes or No
       
Lock Box Property Damage      
Does the policy have limits of $100,000 per claim with a $300,000 aggregate limit? YES Yes or No Yes or No
       
Property Management Services      
Does the policy automatically provide coverage for property management activities involving your real estate license and for additional activities which do not involve your real estate license? YES Yes or No Yes or No
Does the coverage apply separately under the Firm's coverage? YES Yes or No Yes or No
       
Escrow Agent Services      
Does the policy automatically provide coverage for Escrow Agent services when performed in your capacity as a broker or licensed agent?  Escrow agent services means handling of funds for an escrow or trust account when such funds are:
a) In the form of United States currency, certified check, guaranteed check or money order;
b) Held separate from your funds; and
c) Distributed in their entirety within twelve (12) months from the date received.		 YES Yes or No Yes or No
       
Sale of a licensees primary or principal residence      
Does the policy automatically provide coverage for the sale or listing of a primary or principal residence by the owner of such property, provided the sale is performed under the real estate license laws of Colorado and run through the insured's brokerage? (i.e No For Sale By Owner sales or listings) YES Yes or No Yes or No
       
Conformity to other mandated states      
Does the policy automatically provide coverage that conforms to other mandated states with the exception of the state of Tennessee? YES Yes or No Yes or No
       
*Insurance underwritten by National Union Fire Insurance Company of Pittsburgh, Pa., a member company of American International Group, Inc. (AIG).  The above descriptions are summaries only.  They do not include all terms, conditions and exclusions of the policies described.  Please refer to the actual policies for complete details of coverage and exclusions.  For a copy of the policy offered through the Williams Underwriting Group Real Estate Program, please view our website at www.wugieo.com.