California, nicknamed the Golden State, is the third largest state by area and is home to over 9,000 licensed real estate appraisers, the highest number of appraisers in the country. While there are no specific appraiser insurance requirements mandated by California’s State Board, the California Office of Real Estate Appraisers (OREA), many lenders and clients require that appraisers carry California Appraisers Errors and Omissions Insurance.
OREP specializes in placing errors and omissions insurance for real estate appraisers and agents/brokers in California. OREP offers the lowest rates on appraiser’s insurance with same day coverage & confirmation (most cases).
Appraisers Errors and Omissions Insurance for California
Financing is available – click here for details.
Got Questions? We answer the phone! Call us Toll Free: (888) 347-5273.
NEW IN 2019: Free 18 Hours of CE ($238 Value)
As part of the OREP RPG/Risk Management Program, OREP members can now enjoy 14 hours of Approved Continuing Education, FREE! Must be part of the OREP RPG/Risk Management Program. Click here for a list of Approved states.
|FHA Appraisal Standards – 7 HOURS CE Keep up with the latest FHA 4000.1 standards with this course that shows what you should be looking out for on an FHA appraisal. Learn how to include explanations and photographs that will help your FHA appraisals fly through underwriting.
How to Raise Quality and Minimize Risk – 7 HOURS CE This course shows you what you can do to avoid claims, reduce liability, and enhance your understanding of the approved methodology, techniques and protocols for appraisals. Learn about real world claim scenarios and specific steps you can take to protect yourself.
Navigating California Laws and Regulations – 4 HOURS CE
Enjoy these three valuable courses, earn 18 hours of Approved CE, and save $$$ when you join the OREP RPG/Risk Management Program in 2019!
“I switched my E&O insurance to OREP last month and saved $349 bucks.” —Dave M.
- “A” Carriers
- Zero deductible available (most appraisers)
- Lowest premiums
- Same day coverage (most cases)
- Beginning Appraisers Qualify
- 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)
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
California Appraisers Errors and Omissions insurance policy/declarations page will be emailed within 1-2 business days after payment has been processed. Coverage is NOT bound until a binder/declarations page is issued.
OREP–Organization of Real Estate Professionals
Insurance Services, LLC. Calif. Lic. #0K99465
6760 University Ave, Suite 250
San Diego, CA 92115
Ph. (888) 347-5273 toll free
Fax: (619) 704-0567 (preferred) or (619) 269-3884 (alternate)
Hours: Monday – Friday from 8am-5pm PST
Additional Information for
California State Appraisal Board
Bureau of Real Estate Appraisers
1102 Q Street, Suite 4100
Sacramento, CA 95811
Bureau Chief: Jim Martin Jim.Martin@orea.ca.gov
California AMC State Law (as of August 27, 2013) Business and Professional Code 11302
California Associations in Alaska
California Coalition of Appraiser Professionals
Real Estate Appraisers Association
Northern California Chapter of American Society of Appraisers
Northern California Chapter of Appraisal Institute
Southern California Chapter of Appraisal Institute
California Continuing Education
California’s continuing education renewal cycle is every 4 years. All California appraisers are required to take 56 continuing education hours every renewal cycle. California appraisers must take the 7 hour USPAP Course Update every two years. Effective January 1, 2013, California appraiser must also take a 4-unit course on California Law every four years.
OREP-Organization of Real Estate Professionals Insurance Services, LLC Calif. Lic. #0K99465
Senior Broker: David Brauner 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.