Real Estate Standard (RESTD)
Overview
Section titled “Overview”Real Estate Standard (RESTD) provides errors and omissions insurance for real estate professionals. It uses a comprehensive rating algorithm with state-specific factors, territory adjustments, and a full catalog of optional coverages.
Rating
Section titled “Rating”Limits and Deductibles
Section titled “Limits and Deductibles”Standard per-claim and aggregate limit packages are available for all states. New York and APL (Appraisers/Professional Liability) states have separate rate tables with state-specific limits and deductibles.
State Territory Factor
Section titled “State Territory Factor”Premium varies significantly by state based on geographic loss experience. New York has an entirely separate rating path with its own per-claim amounts, limit factors, and deductible factors.
Optional Coverages
Section titled “Optional Coverages”| Coverage | Description |
|---|---|
| Business Brokerage | Additional premium for brokerage operations — required if the firm brokers the sale of businesses |
| Mortgage Brokerage | Additional premium for mortgage-related services |
| Construction / Land Development Exclusion | Excludes or modifies coverage for development activities |
| Fair Housing | Discrimination claim coverage — included by default |
| Bodily Injury / Property Damage | Optional physical loss coverage |
| Fungi / Bacteria | Sublimited coverage for mold and related claims |
| Fund Transfer Coverage | Coverage for fraudulent fund transfers |
Renewal Application Forms
Section titled “Renewal Application Forms”| Form | Description |
|---|---|
| RABRE-D | Real Estate Renewal Application |
| RABIA-D | Real Estate Insurance Application |
| RABOS-D | Other Services Supplement |
| RABCS-D | Claim/Complaint/Disciplinary Supplement |
| RABPMS-D | Purchase Supplement |
| RABPH-D | Policyholder Notice of Coverage Change |