More than 30 Years Working with the Appraisal Profession
Many insurance companies jump into the E&O marketplace with little or no
understanding of the coverage or the appraisal profession. Since 1977, more than
25 insurance companies have entered and left the appraisal E&O market. Our
knowledge of the industry allows us to provide a stable program that you can
count on, which is critical with the current volatility in the real estate and
financial markets. Our national claims counsel is the recognized expert when it
comes to defending real estate appraisers.
Whether your questions relate to coverage, claims or loss prevention, our staff
has comprehensive knowledge of E&O insurance. We can explain to you terms such
as claims-made, retro date, prior acts, and tail coverage - critical terms used
in all appraiser E&O policies. Additionally, we keep current with the news and
changes in the appraisal industry. If something new is going to affect your
liability exposure, there's a good chance we've already analyzed it and already
have recommendations. In fact, LIA has participated in HUD roundtable
discussions, phone conversations with FannieMae and been consulted by state
appraisal boards. When industry players such as associations, AMC's, banks and
national mortgage lenders have liability questions, they often call LIA.
Knowledge working for you.