REAL ESTATE INSURANCE ALLIANCE OF CANADA

People rely on professionals now more than ever and they expect those professionals to bring knowledge and expertise. When individuals are disappointed, it is often the professionals that are blamed and when these matters reach the courts, those professionals are usually held to a higher standard. Being sued has real financial consequences.; even when a claim is successfully defended, the costs of that defence can be shocking.

 

The Newfoundland and Labrador Association of REALTORS®, the Manitoba Real Estate Association, New Brunswick Real Estate Association, , Nova Scotia Association of REALTORS® and the Prince Edward Island Real Estate Association jointly formed the Real Estate Insurance Alliance of Canada Inc., in 2008 and are proud to have been offering affordable errors and omissions insurance liability coverage to their members since that time.

 

Errors and Omissions (E&O) Insurance is mandatory under the Real Estate Trading Act of Newfoundland and Labrador.    The annual cost of this insurance is included on your NLAR invoice.  NLAR collects this money from each member on your monthly invoice and submits your payment to REIA for your insurance coverage.  

 

Please see the below Frequently Asked Questions about REIA and your Errors and Omissions Insurance.  

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