REAL ESTATE APPRAISERS E&O INSURANCE
When Liabiity Insurance Administrators (LIA) began offering Appraisers Errors & Omissions (E&O) Insurance in 1977, our goal was to provide a sound, secure program available to appraisers nationwide. Over 20 years later, we are proud to administer the largest and longest-running Appraisers E&O Insurance program in the United States! Our program has been endorsed by the Appraisal Institute since 1991.

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The Appraisers Liability Insurance Trust (ALIT) Program is underwritten by one of two Liberty Mutual Group of Companies - Liberty Insurance Underwriters, Inc. and Liberty Surplus Insurance Corporation. Liberty Mutual Group is A.M. Best rated "A" (Excellent) Class XV, with assets greater than $2 Billion.

residential program

  • $300,000 limit of liability
  • Premiums as low as $460
  • Residential appraisals only
  • Available to individuals and firms of 1-4 appraisers
  • Two years appraisal experience required

standard program

  • $500,000 and $1,000,000 limits of liability available
  • Higher limits of liability available on request
  • Covers residential and commercial appraisals
  • Five years appraisal experience requirement
  • Extended coverage for proposed residential developments may be obtained by appraisers holding the MAI, SRPA, SREA designation or appraisers with the necessary experience requirements

Insurance coverage is written on a claims-made basis with prior acts available to applicants with prior continuous claims-made coverage.

program benefits *

  • Deductible applies to loss only
  • Prior acts coverage for qualified applicants
  • Optional $100,000 defense coverage for pollution claims
  • Pre-claim assistance
  • $2,500 attorney's fees for disciplinary proceedings
  • $2,500 reimbursement of expenses including up to $250 per day loss of earnings due to claim-related obligations
  • Deductible credits for early resolution and/or successful mediation of claims
  • $50,000 defense coverage for discrimination (Fair Housing) claims
  • Insured's consent for settlement
  • Optional real estate sales & property management endorsement - available at competitive premiums.
  • No membership fees
  • Loss prevention information and Claim Alert publications
  • Premium financing at a low APR with payments spread over 9 months
  • Major credit cards accepted, MasterCard, Visa, American Express & Discover
  • Other payment options may be available

    *For complete details regarding these benefits, contact a LIA representative.

You may request an indication of rates or download our application to apply for a premium quotation.


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