The Herbert H. Landy Insurance Agency, Inc. offers a focused Real Estate Appraisers Errors & Omissions Insurance program that protects independent and firm-based appraisers from professional liability exposures unique to valuation work. Backed by Landy’s six decades of experience in professional liability, this program provides flexible and accessible E&O solutions for residential, commercial and trainee appraisers nationwide.
Ideal Accounts and Appetite
This program is designed for licensed real estate appraisers — individual practitioners, trainees, and multi-appraiser firms. Typical accounts that fit well include:
- Residential appraisers (single-owner practices or small firms)
- Commercial or hybrid appraisers who value both property types
- Trainee appraisers operating under supervision
- Appraisers using drone technology for inspections (limited BI/PD included)
- Professionals performing property reviews, measurements, or hybrid assignments
Accounts that recently launched an appraisal business or experienced appraisers seeking improved terms and prior acts protection are a good fit. Firms with two or more appraisers can be quoted for firm-wide coverage — contact Landy for a tailored premium estimate.
Coverage Highlights and Advantages
This Errors & Omissions policy is built for quick placement and straightforward renewals. Highlights agents will appreciate:
- Simple one-page self-rating application and easy auto-renewal for qualified applicants
- Online purchase and renewal available: purchase or renew online
- Premiums starting at $501, with Prior Acts coverage available with proof of continuous insurance
- $0 deductible in most states (CA, HI & FL have a $500 deductible)
- $100,000 Bodily Injury/Property Damage coverage included at no additional cost
- $25,000 Drone Usage Bodily Injury/Property Damage coverage included
- No membership fees required to access the program
- Policy limits available up to $1,000,000 per claim / $2,000,000 aggregate
- Coverage for review, measurement, and hybrid appraisal work included
- Claim expenses are paid in addition to policy limits
- Free Extended Reporting Period for retirement, disability, or death
- Financing options for qualified applicants and a free confidential legal hotline for policyholders
Underwriting Notes and Minimum Premiums
The underwriting process is straightforward with minimum premiums starting at $501. Prior acts coverage is available when continuous insurance can be documented. For firm-based accounts (two or more appraisers) call Landy to obtain a customized premium estimate and discuss any additional underwriting information needed.
Territories and Availability
This E&O program is admitted in all 50 states and the District of Columbia, providing compliant placement through Great American Insurance Company and Great American Assurance Company. Landy can place coverage for clients in CA, NY, TX, FL and every other state listed on the program.
Why Work With The Herbert H. Landy Insurance Agency, Inc.?
As a Managing General Agency focused on professional liability, Landy pairs deep underwriting expertise with market access and streamlined service. Agents benefit from a simple application workflow, quick turnarounds, online purchase capability, and dedicated support from specialists who understand appraisal exposures. There are no membership fees, and Landy’s long-standing carrier relationships help deliver competitive, admitted coverage terms for your appraisal clients.
Example scenarios:
- You have a solo residential appraiser who recently left a larger firm and needs prior acts coverage — this program can provide affordable prior acts protection with proof of continuous insurance.
- You represent a two-appraiser firm that wants firm-wide limits and a single policy — call Landy for a tailored quote and premium estimate.
If a client needs higher limits, additional employees, or coverage for related real estate services such as sales or leasing, use the application at Click Here to access the appropriate program.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for individual residential and commercial appraisers, trainees, and appraisal firms with two or more professionals.
Is prior acts coverage available?
Yes. Prior acts coverage is available with proof of continuous insurance so clients can maintain protection for services performed before the policy inception.
Are drone-related exposures covered?
Yes. The policy includes $25,000 in Bodily Injury/Property Damage coverage for drone usage at no additional premium, subject to underwriting review.
Can clients apply or renew online?
Yes. Qualified applicants can purchase or renew coverage online via the program portal.
What states is this program available in?
The program is admitted and available in all 50 states and Washington, DC.
Need help placing an account? Connect with a market specialist.