subject: 5 Advantages When You Are Protected With An Errors And Omissions Insurance [print this page] Being a real estate agent has significant risks. I know because I work in that area. Some imagine how easy money can be when you have the charm. Well, take my word when I say that there are tons of downsides in real estate. Some of which involve errors and omissions. I'm quite fortunate though, because I have an errors and omissions insurance policy to assist me.
When I was new in the real estate industry, I had already heard a number of possible pitfalls in being a real estate agent. Some veterans in the business would even say that there are more cons compared to pros. I used to think that the negativity was just to test the newbies' persistence. It wasn't until one of my colleagues faced a lawsuit that I realized that being in real estate means you always have trouble waiting for you around the corner.
Charges have been pressed towards my fellow realtor as a result of small mistakes within a transaction. It was a reality check for me. I realized every realtor needs an errors and omissions insurance policy. There are plenty of positive aspects that you could get from errors and omissions insurance. Below are a few ideas that will help you recognize the value of having errors and omissions insurance. Listed below are five major benefits of having one:
1.With an errors and omissions insurance policy, you can have access to medical, life, dental and other ancillary insurance products that also cover your immediate family members.
2.You can get discounted continuing education to enhance your profession as a real estate agent, something you wouldn't expect from an insurance policy.
3.Additionally you get a cut price at shipping deals with DHL. Its very useful when you have to send essential paperwork and files for your business dealings.
4.The policy also provides you with a magazine which is an updated report of the real estate industry; this allows you to stay updated on the ups and the downs in the industry.
5.Finally, the policy offers you the assurance that whatever happens within the transactions you enter into, you will be lawfully protected. The insurance coverage will allow you to get out of any legal cases that you could face later on. The fees that come with the cases are even protected by the policy.
by: Sam Purdy
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