Errors & Omissions
New Venture Escrow Seller Protection Plan
Our Seller’s Protection Plan (SPP) is an INCLUDED $25,000 Errors & Omissions Policy that automatically kicks in to protect sellers of any owner-occupied home* against any unforeseen disclosure violations.
Although we all expect things to go smoothly after close, this policy can act as your security blanket in case any issue arises.
25K
Stay protected after the close of escrow with our $25,000 Errors & Omissions Policy.
There is no cost to have this policy in place and protects the sellers of an owner-occupied residence* against unforeseen disclosure violations.
The policy is good for 180 days after the close of escrow and can be extended for an additional 180 days for $200.**
50K
You can stack another $25,000 of insurance to the policy by ordering an NHD report through the disclosure report websites:
100K
Get the full coverage of $100,000 by adding another $50,000 when purchasing a 13 month home warranty with CRES through any of the following companies: First American, Fidelity, or Old Republic.***
Review policy for a complete description of qualifications and restrictions (a copy of your SPP endorsement can be provided)
* The Seller’s E&O policy applies to the Primary Residence of the Seller and must have been occupied by the Seller within 90 days prior to the date of a completed contract.
** To file a claim there is a $2,500 retention fee (per-claim and per policy).
*** Warranties and NHD must be purchased as part of the Close of Escrow. CRES version of the 13-month warranties is required for the $50,000 coverage.
