New Mexico Individual Real Estate Broker Errors and Omissions Insurance — More Extensive Protection, Better Value

3 E&O Plans for New Mexico Licensees Each with Up to 20X More Protection

The days of one real estate Errors & Omissions plan for everyone, no matter your transaction volume (and your amount of risk) are over. CRES is revolutionizing individual Real Estate Broker E&O for New Mexico with Superior Protection, Exceptional Value, and Pre-Claim Legal Help, too . . .

✅ Base Protection Plan — for those with no income in the last 12 months from activities requiring a real estate license:
$100,000/$500,000 coverage – from $164

✅ Superior Protection Plan — Up to 20X more protection in individual coverage areas:  $100,000/$500,000 coverage – from $317

✅ Platinum Protection Bundle — higher limits and all coverage options at a bundled price for those who need the broadest coverage: $500,000/$500,000 or $1 million/$1 million coverage limits – from $410 or $510

Every CRES E&O plan is guaranteed to meet 100% of NMREC (New Mexico Real Estate Commission) requirements, guaranteed to meet or beat the coverage of the state group plan, and includes our highly rated Pre-Claim Legal Services.  As a New Mexico real estate professional, you’re required to have Errors and Omissions insurance, so why not get the best protection?

All plans are appropriate for individual real estate broker errors and omissions insurance (including associate brokers).

From 4 to 20 Times More Coverage in EVERY CRES E&O Plan

Compared to the “Minimal Coverage, Higher Price, and No Legal Help Until You Have a Claim” state group plan, your New Mexico real estate broker E&O plan from CRES includes far more coverage:

Base Protection Plan and Superior Protection Plan

• Environmental (including mold) to $100,000               —      vs $10k (10X Less coverage)
• Fair Housing Damages and Defense to $100,000      —     vs $25k (4X Less coverage)
• Lockbox Property Damage to $100,000                        —     vs $5k (20X Less coverage)
• Escrow Disputes to $100,00                                                 —      vs $5k (20X Less coverage)
• Data breach notification up to $50,000                        —     vs Not available
  
• Subpoena coverage to $30,000                                       —     vs $2.5k (12X Less coverage)
• Disciplinary proceedings coverage to $20,000        —     vs $2.5k (8X Less coverage)
• Agent-Owned Property Sales of Vacation/Rentals    —     vs Primary Residence Only or $50 Extra
• Conformity for other states where you’re licensed      —     vs $20 Extra
• First Dollar Defense (no out-of-pocket when only defense costs)
• Firm/Franchise coverage (CRES has always included this)

Optional coverage:

• Environmental (including mold) to $500,000:                   just $10
• Sellers Protection Plan (to help win listings):                         just $12
• Open House & Showings coverage to $100,000:            just $17
• Open House & Showings coverage to $250,000:           just $29
• Defense Outside the Limits (separate limit for defense): just $20

Platinum Protection Bundle with all coverage and options above, adds:

• Pollution/Environmental (including mold) to policy limits ($500,000 or $1 million)
• Open House and Showings coverage to $250,000
• Seller’s Protection Plan (to win listings) to $25,000
• Defense Outside the Limits

Prior Transactions are covered for as long as you’ve maintained continuous E&O coverage. No extra charge to cover all activities that require a real estate license.

Your New Mexico real estate E&O policy is guaranteed to meet or exceed NMREC requirements. And now, one low rate covers all of your activities that require a real estate license.

With CRES Real Estate Broker E&O + ClaimPrevent®, you’ll enjoy:

• On-call Pre-Claim Legal Services — included!  Work with experienced local attorneys who guarantee a response within 4 hours or next business day, with recommendations confirmed in writing! Call our hotline whenever you have a question or need a contract reviewed.  Our attorneys will write or review letters and addenda on your behalf  to help you PREVENT claims.

With CRES, You’re Protected with an Incredible Amount of Coverage — plus:

• 25 Free CRES Building Permit History Reports (a $99.95 value) each year, plus discounts on additional reports.  (Some real estate companies actually require these reports on every transaction.)  Provide a Report to a buyer and eliminate your out-of-pocket claims costs (a $1000 savings)!  A CRES Exclusive
• Access to Old Republic Home Warranties also eliminates your out-of-pocket claims costs* ($1,000 value) when you provide the home warranty.  These warranties also give your seller up to an additional $50,000 in Seller’s E&O, plus they can include a unique structural coverage option.
• Discounts to Office Depot®, Constant Contact® Email, Lenovo® PC Products, UPS® shipping, even Bekins® and Wheaton Van Lines moving discounts you can offer to your clients.

For most licensees in New Mexico, CRES gives you FAR better protection — over the state group policy.  We know what you need, because we’ve been specializing in real estate errors and omissions for more than 25 years.

Even if you’ve had claims in the past, you may be eligible for CRES E&O.

Our E&O covers all real estate activities requiring a license, per NMREC. (Cover your Appraisal or Transaction Coordinator activities in a separate policy.)

Online enrollment is now even simpler