Members of the REIA E&O insurance program are insured for up to?

• A. 1 million dollars
• B. 5 million dollars
• C. 10 million dollars
• D. 20 million dollars

Answer: (A)

The main idea here is understanding the limit of E&O insurance for REIA members. In the REIA Errors & Omissions insurance program, members are insured up to one million dollars. This means that for a covered claim, the policy will pay up to that amount for damages, settlements, and defense costs, subject to the policy’s terms and exclusions. That cap is set to provide meaningful protection for typical real estate professional claims while keeping premiums affordable for members. Larger claims would require additional coverage or a different policy arrangement, and the other higher limits listed do not reflect the standard REIA program’s cap.