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.