So I maintain a 100K policy. Does anyone have a bigger policy? If so, have you seen any validation that the amount you have has benefited you by having more?
I have 100K. I’ve seen where some folks have a seven figure policy. I can’t justify more than that when it comes to the cost. Just my opinion.
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@arod.ns1004 Errors & Omissions Insurance coverage of $100K has been more than sufficient for every Title/Escrow Company [T/EC], Lender, Attorney, Signing Service [SS], etc. in my direct experience over the years.
NOTE: There has never been a request for more coverage.
I have $100k E&O Insurance. I’ve never had a Title Company or Attorney ask for any more. To me, it depends on the market you are in. If you have regular closings at $2 or $3 million, I might have more. Just protect yourself.