Coverage Features

Illinois Realtors® Errors & Omissions Insurance Program

Coverage Features

  • 5% Premium discount for members of the Illinois Realtors®
  • Lockbox coverage up to Policy Limits
  • Discrimination coverage for defense and damages ($250,000 sublimit included)
  • Environmental hazards coverage is included
  • Coverage for failure to disclose the existence of mold, fungi, microbes, or pollutants
  • Public relations event coverage up to $50,000 per policy period
  • New! – Broad definition of insured now includes coverage for subsidiaries and franchisors
  • Bodily injury and property damage coverage at full policy limits when lockbox or keyless entry system is used to enter the property
  • Privacy response coverage up to $20,000 for expenses incurred by the Insured due to a security breach
  • Coverage for client network damage claims
  • Personal Injury protection
  • Coverage for the sale of real property when combined ownership interest is less than 25%
  • Coverage for the leasing of owned property when ownership is less than 50%
  • Coverage for property management of 100% owned property
  • Coverage for the sale of owned residential property
  • Waiver of deductible up to $5,000 per claim in a residential sales transaction when four risk management criteria are met
  • Mediation incentive—deductible reduction of 50% up to $25,000
  • Open house property damage coverage
  • Defense Costs in addition to the limit of liability
Subject to qualification.  These are program highlights used for the purpose of illustration only.  The coverage provided is set forth in the terms, conditions and limitations of the policy of insurance.  Specimen policy available at your request.