Illinois Appraisers Errors and Omissions Insurance

Illinois, designated as the “Prairie State,” has the 5th highest state population in the country and also has the 5th highest number of licensed real estate appraisers in the country. The Appraisal Coordinator for Illinois’ Real Estate Appraisal Administration Division is Brian Weaver. The Board is under the ILLINOIS DEPARTMENT OF FINANCIAL & PROFESSIONAL REGULATION and publishes a monthly newsletter, Illinois Appraiser, popular for its valuable information.

Illinois Appraiser’s Errors and Omissions Insurance is a specialization that OREP has developed over 12 years. We provide low rates on appraiser’s insurance with same day coverage & confirmation (most cases).


Appraisers Errors and Omissions Insurance for Illinois

For the best combination of coverage and price for you, please choose from these options.

Individual Appraisers: Apply Today!  (Secure coverage and pay in minutes)

  • If you need group coverage or you’ve had a claim please use this group application to obtain a quote; quotes take 2-5 business days.

 

Important: If you have expiring insurance in place, please include a copy of your current Declarations page to retain prior acts coverage. Also, if you included a PO Box for your address on the application, you will need to list a physical address as well (required by the underwriter.) Please send to the fax number or email address indicated at the top of the application you complete. If you have any questions, please call us at 888-347-5273, 8-5 PST. We answer the phone!

 

What to Expect After Submission:
A confirmation will be emailed within 24 hours if your application is received and correct. If not correct, you will be called immediately. If you do not receive confirmation after 24 hours, please call us (check email junk/spam first). If your current policy is expiring, please call to confirm immediately after submission. Your new Illinois Appraisers Errors and Omissions insurance policy/declarations page will be emailed within 3-5 business days after payment has been processed. Coverage is NOT bound until a binder/declarations page is issued.

Financing is available – click here for details.

Got Questions? We answer the phone! Call us Toll Free: (888) 347-5273.

 

Program Highlights

  • “A” Carriers
  • $500 deductible – Zero deductible available
  • Lowest premiums
  • Same day coverage (most cases)
  • Beginning Appraisers Qualify (if you’ve passed your state test)
  • Includes Prior Acts 
  • Coverage for Commercial Work
  • Discounts on CE, training materials, webinars, office supplies and more!
  • OREP Insureds enjoy many benefits, including a subscription to Working RE Magazine
  • Same Day Financing Available (click for financing information)

 

Contact OREP

David Brauner Insurance Services / OREP
6760 University Ave, Suite 250
San Diego, CA 92115
Ph. (888) 347-5273 toll free
Email: info@orep.org
Fax: (619) 704-0567 (preferred) or (619) 269-3884 (alternate)
Hours: Monday – Friday from 8am-5pm PST


Additional Information for Illinois Appraisers

Illinois State Appraisal BoardIllinois
Real Estate Appraisal Administration Division
100 W. Randolph Street, 9th Floor
Chicago, IL 60601
http://www.idfpr.com/dpr/re/APPRAISAL.asp
Phone: 312-793-6608
Fax: 312-793-8720

Appraisal Coordinator : Brian Weaver
Brian.Weaver@illinois.gov

Illinois AMC State Law (as of August 27, 2013)
225 ILCS 458/1-10

Appraiser Associations in Illinois

Illinois Coalition of Appraisal Professionals
Greater Illinois Chapter of International Society of Appraisers

Illinois Continuing Education

Appraisers in Illinois are required to take 28 hours of continuing education courses every 2 years. The 7-Hour USPAP Update must be included in those hours. Appraisers are allowed to complete all hours online if needed, and the requirements are due every 2 years by 9/30.

 

Agent/Broker: David Brauner/David Brauner Insurance Services – Calif. Ins. license #0C89873. Licensed in 49 states. Please call for license number in your state.

Offering Real Estate Appraisers Professional Liability Errors and Omissions or E&O Insurance – Inspectors Professional Liability Errors Omissions or E&O Insurance for Real Estate Agents & Brokers Professional Liability or E&O Insurance- Mortgage Brokers and Bankers Professional Liability or E&O Insurance.