Search CompleteMarkets

... E&O solutions for residential, commercial and trainee appraisers nationwide. ...eal 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.

...tial real estate appraisers Commercial property appraisers Specialty a...nsurance designed specifically for appraisers, covering valuation errors, omissions, and related exposures. Need help placing an account? Connect with a market specialist.

...client is handling residential, commercial, or personal property appraisals, t... program is ideal for residential, commercial, and personal property appraisers, including solo practitioners and small firms. Is the policy written on an admitted or non-admitted basis?The policy is written on Lloyd’s of London paper and is non-admitted in most available states. What are the available coverage limits?Limits are available up to $5,000,000 on a primary basis. Does the policy include defense for licensing board actions?Yes, defense for disciplinary and administrative proceedings is included in the coverage. How quickly can I get a quote for my client?STATPro offers fast turnaround for templated risks and will provide custom solutions for more complex submissions. Need help placing an account? Connect with a market specialist.

...the American Association of Art Appraisers and did not find his name. She call...-a dear man, one of the finest art appraisers who ever lived.' 'Where can I find him? A friend needs to speak to him about an appraisal he did.' 'That will be difficult. He died on Midway Island in 1943.' The insured had made only one mistake: She had used the signature of an appraiser long dead. Underwriters instructed the adjuster to deny the claim because of fraud. They further instructed the adjuster, because of the insured's advanced age, not to report the attempted fraud to the police or the Bureau of Fraudulent Claims. A month later, a lawyer called to inquire about a potential settlement. He implied that it would be unwise for an insurer to litigate against a poor little old lady. The adjuster merely repeated the denial and asked that before counsel filed a lawsuit, he determine the date of McCarthy's death and the location of his coffin. He explained to the lawyer that it's difficult for a man who died in 1943 to sign a fine-art appraisal in 1991. The lawyer did not file suit and a fraud was thwarted. The insurance company put some excitement into the dull life of an 82-year-old widow. Little harm was done and the adjuster has a story about a fraudulent claim that will top those of all his contemporaries. Because they rescinded the policy, Lloyd's returned the premium. People from every level of society, every race, creed, age group, or country of origin commit insurance fraud. Few people look like thieves. The most innocent looking present fraudulent claims while the most criminal looking will be honest. Insurers must conduct a thorough investigation without bias, to stop the criminal actions of sweet old ladies. If not, crime will succeed: The innocent ex-con will lose the indemnity to which he is entitled, and the criminal grandmother will recover.