What You Need to Know Besides the Selling Price.

It's no news to most homeowners that home insurance premiums have risen in California, or that the reason is due to claims against insurance companies because of mold and water-related damage. But have you ever thought about a Realtor's insurance coverage during your transaction? Errors and omissions insurance premiums have more than doubled--there are fewer carriers willing to carry risk in California. This is a result of the sharp increase in claims against Realtors, even though only a small percentage are actually valid. Consequently, some brokers no longer can afford this coverage. The working relationship between clients and their Realtors, if given some advance thought and preparation by all concerned, could alleviate misunderstandings. This article explains more.