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Insurance for Real Estate Activities

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Frequently Asked Questions

Why do Real Estate Activities need insurance?

In this industry, the establishments are involved in offering real estate services including escrow agencies, listing services, and fiduciary offices.

When faced with a lawsuit, the most common thing businesses do is spend all their money on the defense attorney. If that's not enough, they borrow from friends, family members. This puts you and your business in a lot of debt. When you have insurance, the insurance pays for all the covered expenses. You won't have any debt, you won't lose your assets, and all it requires is a small monthly payment.

What risks do Real Estate Activities face?

Real estate activities face a lot of unique risks. Below are some examples:

  • One of your employees has committed a mistake in the calculation of the total cost of the real estate. Your client suffers a huge financial damage due to that, and your client sues your business for that mistake.
  • Your employee gets sick while doing real estate activities. As their employer, you are responsible for the medical expenses of your employee.
  • The mobile phone that you use for communicating with clients gets stolen. Later you find out that the information stored in the phone got leaked.

How much does insurance for Real Estate Activities cost?

The price of insurance for real estate activities varies because there are several factors that are taken into account. If you want to find out the cost of insurance fast, simply apply for a free quote or talk directly to our insurance experts.

Are You Ready to Get Covered?

Prefer to speak with a CoverWallet consultant? Call

(646) 844-9933