New Mexico Appraisers Errors and Omissions Insurance

New Mexico, sometimes called the “Land of Enchantment,” is the fifth largest state in the continental United States and is the sixth least densely populated. New Mexico has only 600 licensed real estate appraisers, which are licensed by the Real Estate Appraisers Board located New Mexico’s capital city, Santa Fe. Appraiser license levels in New Mexico are almost evenly split between Certified Residential and Certified Generals.

Appraisers looking for New Mexico Appraiser’s Errors and Omissions Insurance can stop their search with OREP. OREP offers the lowest rates on appraiser’s insurance with same day coverage & confirmation (most cases).


Appraisers Errors and Omissions Insurance for New Mexico

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 New Mexico 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 New Mexico Appraisers

New Mexico State Appraisal BoardNew Mexico
Real Estate Appraisers Board
2550 Cerrillos Road
Santa Fe, NM 87505
http://www.rld.state.nm.us/boards/Real_Estate_Appraisers.aspx
Phone: 505-476-4860
Fax: 505-476-4665

Board Administrator: Deloisa Trujillo
Deloisa.Trujillo@state.nm.us

New Mexico AMC State Law (as of August 27, 2013)
N.M.S.A. 1978, § 47-14-1

Appraiser Associations in New Mexico

New Mexico Appraisers Coalition
Rio Grande Chapter of the Appraisal Institute

New Mexico Continuing Education

New Mexico Appraisers are required to take 32 hours of continuing education every 2 years, due on 4/30 of the renewing year. The 7-Hour USPAP Update course as well as a 4 hour board-offered renewal update course are required as part of those hours. New Mexico limits the amount of hours that can be completed online to 14 hours.

 

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.