AMC Insurance from Associations Liability Insurance Agency
Appraisal Management Companies (AMCs) serve an important, but potentially conflicting, role as a middleman/gatekeeper between mortgage lenders and the appraisal profession. This makes finding the right professional liability (E&O) insurance critical. AMCs are also subject to state and/or federal regulation. In fact, many states have legislation that requires an AMC to secure a surety bond as part of the licensing process. Since an AMC has a contractual relationship with both the AMC’s lender clients and the AMC’s panel of appraisers, it is imperative to work with a seasoned group of professionals like those found at ALIA.
The experienced professionals at ALIA can find an AMC the right coverage at the right price. Whether you are a small office serving only a few local lenders or a multi-state AMC serving some of the largest lenders in the United States, you need the services of the experienced team at ALIA to handle your professional liability and related business insurance needs.
Why do AMCs Need Insurance?
No matter how careful or experienced you and your team are, if you are in business long enough, mistakes are bound to happen. E&O insurance (also known as professional liability insurance) covers you and your customers on those rare occasions when you make an honest mistake that gives rise to a claim for damages. Errors and omissions insurance protects you from the high cost of having to defend even a frivolous claim.
As a real estate professional, you need E & O insurance because either:
• You are working in a state that requires you to do so, or
• You understand that it is the prudent thing to do to protect your business and your family.
And since many states require an AMC to have a surety bond, working with insurance professionals that understand your needs makes the process much simpler.
How ALIA Works with You
Working with Associations Liability Insurance Agency will save an AMC time and money. By engaging experienced insurance professionals, ALIA canvasses the market to find multiple coverage options that are competitively priced and meet the unique needs of any AMC.
Join the growing group of Appraisal Management Companies (AMCs) that already depend on the experienced staff of insurance professionals at ALIA to handle not only their professional liability, but also all of their other business insurance needs. Associations Liability Insurance Agency (ALIA) is an independent agency with access to many insurance companies. Our agents have worked with real estate professionals for over 20 years bringing you an in-depth understanding of the industry. Through our specialized expertise, we hope to give you the peace of mind that comes with quality business protection.
How to Get Started – It’s Simple
You choose how you want to get in contact with us:
• Call us at 800-882-4410
• If you’d like us to contact you when it’s convenient for you, tell us a little bit about you and your business.
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Learn with ALIA
The pace of technology creates fantastic opportunities for those who want to learn and continue educating themselves. At Associations, we create customized online educational content from CE webinars to podcasts and white papers about marketing and operational advice and industry trends.
We aim to treat each firm as a unique client, recognizing that every real estate professional is different in their educational needs or desire for online resources. We’re here to help.