Professional protection for real estate agencies
Helps protect the agency’s financial interests if the organization or one of its employees causes property damage to a third party while providing real estate services.
The policy can cover the obligation to compensate a third party for property damage when liability arises from real estate services and the policy conditions are met.
Protection for the real estate agency’s financial interests connected with its obligation to compensate third parties.
Cover may extend to qualified employees acting within their duties and under the organization’s control.
The policy considers confirmed damage to third-party property caused in connection with real estate activities.
Under the standard wording, an insured event occurs after the relevant court judgment enters into force.
Terms and price are calculated individually
Every claim is assessed based on its circumstances, supporting documents and the individual policy terms.
The damage must be connected with real estate services provided to the client under a written agreement.
The event must occur within the agreed policy period and territory and must be reported on time.
The real estate agency’s obligation to compensate property damage must be confirmed by a final court judgment.
The cover applies to third-party property damage arising from real estate services. Under the standard wording, liability must be confirmed by a final court judgment.
The amount of insurance indemnity is determined by the confirmed loss and the policy terms, within the agreed sum insured.
The agency provides real estate services to the client under a written agreement.
An act by the agency or an employee within their duties causes property damage to a third party.
The affected party seeks compensation for damage, and liability is confirmed by a court.
The policyholder informs the insurer and provides agreements and court documents; after review, an insurance act is prepared.
The territory, policy period, sum insured, list of employees and the conditions for working with immovable property are recorded in the individual insurance documents.
property damage caused to third parties while providing real estate services
the organization’s liability for a qualified insured employee acting within their job duties
events occurring within the policy period and territory, with a valid licence and a written client agreement
The exact scope of cover is defined by the policy and insurance contract.
intentional acts, deception, crime, actions while intoxicated and breach of professional secrecy
non-pecuniary damage, loss of income, fines, penalties and punitive payments
services without a written agreement or while the licence is suspended, terminated or expired
events outside the policy territory, war and nuclear risks, and other contractual exclusions
Check the full list of exclusions in the individual policy terms.
To assess the risk and prepare terms, our specialist will clarify information about the company, its employees and real estate activities.
The organization’s registration details, experience, operating territory and main real estate services.
A copy of the valid licence and other documents confirming the right to conduct the activity.
Names, experience, qualifications, certificates, appointment orders and job duties.
Types of services, property profile, transaction volume and the specifics of written client agreements.
The requested liability limit, insurance period and other parameters of the future policy.
Information about previous claims and circumstances that may affect the insurance risk.
Submit a request and provide the basic information about your real estate agency. We will clarify the rest together.
Complete the form on this page. A specialist will contact you and clarify your needs.
We will need details about the company, licence, employees, services, requested limit and claims history.
We will determine the limit, period, territory, price and the process for arranging cover.
The product is designed for real estate agencies that provide professional services and may be required to compensate third parties for property damage caused by the organization or its insured employees.
It protects the policyholder’s financial interests connected with the obligation to compensate confirmed third-party property damage arising from real estate services.
Under the standard wording, it is the real estate agency’s liability for property damage caused by the policyholder or an insured employee while providing real estate services, where the obligation to compensate is confirmed by a final court judgment and the other policy conditions are met.
Cover may extend to managers and employees with the required knowledge, experience and qualifications. An employee must act within their professional duties and under the organization’s control.
Yes. Under the standard wording reviewed, the insured event occurs when the court judgment requiring compensation enters into force. Individual insurance documents should be checked separately.
Yes. Services provided without a written real estate service agreement are excluded under the standard wording. The client agreement will also be required when a claim is reviewed.
Exclusions include intentional acts, deception, crime, breach of professional secrecy, actions while intoxicated, services without a written agreement or with an invalid licence, non-pecuniary damage, loss of income, fines, events outside the policy territory, and war or nuclear risks.
The price is calculated individually based on the organization’s activities, service types and volume, employee qualifications, requested sum insured, policy period, territory and claims history.
We will need the company details, a copy of the licence, information about employees and their qualifications, types of real estate services, the requested limit and policy period, and information about risk factors and previous claims.
Notify the insurer within three days and provide copies of the demand, statement of claim, court documents and any available materials related to the circumstances and amount of damage.
The standard wording provides for the real estate service agreement, correspondence and dispute materials, court documents and, where necessary, accounting, banking, audit and valuation documents.
If the event is recognized as insured and there is no dispute, an insurance act is prepared and payment is made within five business days after it is drawn up. A refusal stating the reasons is issued no later than 15 days after the relevant documents are received.
Tell us about your organization’s work, and a specialist will help prepare individual terms.
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