We worked hard in collaboration with our customers’ feedback and our underwriting partner to improve upon some existing features and add some all-new benefits.
Peoria Heights, IL (PRWEB) September 08, 2011
Pearl Insurance recently announced that it introduced a new and improved, high-performance Errors and Omissions policy for real estate professionals—the next generation of Real Estate E&O coverage.
An industry leader for over three decades, Pearl Insurance has continued to innovate its Errors and Omissions coverage to make it the most comprehensive professional liability coverage available in the industry. Pearl’s enhanced E&O Insurance with new and improved benefits is no exception, with features exclusive to the Pearl E&O policy.
Examples of coverage innovation in Pearl’s new and improved E&O policy include.
- Mold Endorsement with increased limits—new
- Subpoena Assistance—new
- Free 3-year Extended Reporting Period—new
- Loss Mitigation Credit—new; exclusive to Pearl Insurance
- Network and Privacy coverage with a $25,000 sublimit—new
- Not-for-Profit Directors and Officers coverage—new; exclusive to Pearl Insurance
- Deductible Reduction for Early Claims Resolution—improved; applies to both defense and damages
- Open House Property Damage coverage—improved; up to full policy limits
- Agent-Owned Property Coverage—improved; no waiting period applies
“We at Pearl Insurance understand that our real estate professional customers are working harder than ever in today’s ever-fluctuating real-estate market, and we feel the E&O coverage providers to this unique audience should do the same,” notes Gary Pearl, President and CEO of Pearl Companies. “To prove this to our customers, we worked hard in collaboration with our customers’ feedback and our underwriting partner to improve upon some existing features and add some all-new benefits. This high-performance E&O coverage is available to new customers of approved states on September 1, and we will be automatically adding the new benefits to our existing customers’ Real Estate Errors and Omissions policies in many states.”
Among the nation’s leading direct-marketing third-party administrators, Pearl Insurance offers Property & Casualty and Life & Health insurance benefits and worksite marketing to affinity groups and their members. Pearl Insurance is part of Pearl Companies, a privately held, multifaceted organization headquartered in Peoria Heights, IL, that also includes Pearl Automotive, Pearl Technology, Pearl Benefits, and Pearl Carroll & Associates, LLC¬. The Pearl Companies’ commitment to working hard, working smart, and working together has not only placed them in the enviable position they are today, but has also secured them a strong presence in the marketplace for years to come. For more information, please visit http://www.pearlinsurance.com/neweopolicy or call 800.447.4982.