Owned Property Endorsement Coverage Differences

Durham Skyline



     

 

         

Existing Real Estate E&O Policy 


         

Owned Property Endorsement


     
     The insured          


Named insured, principles, partners, officers, directors, employee, independent contractor, personal assistant, spouse, domestic partner

          Named insured, partners, officers, directors      
     Coverage for the sale of real property that the insured did not construct or develop           Yes, if combined ownership interest of all insureds at the time of such sale was less than 25%
         


Residential property
Yes, if combined ownership interest of all insureds at the time of such sale was less than 25%

Commercial property
Yes, if combined ownership interest of all insureds at the time of the sale up to 100%

     
     Coverage for the leasing of real property 
         


Yes, if combined ownership interest of all insureds was less than 50% at the time of the professional real estate service rendered (partial ownership coverage)

          Yes, ownership up to 100% at the time of the professional real estate services rendered (full ownership coverage)      
     
Coverage for the sale, leasing, or property management of the insured's property by another insured who is not the owner of such residential property

         


Yes, applies to residential property only

          Yes, applies to real property (commercial or residential)
     
     
Coverage for the sale of residential property by an insured who the owner of such residential property

         

Yes, if conditions are met in connection with such sale

          Yes (no conditions required)
     
     
Coverage for the sale of real property 100% owned by you if the property was acquired by you under a written guaranteed sale listing contract, and from acquisition to resale the title to the property was held by you for less than twelve months, and the property was continually offered for sale by you

         

Yes

          Yes
     

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