At Vantage Professional Risks, we understand that no matter whether you are offering advice on property acquisition, property rental, or estate management, things can go wrong at any stage of the process.
This is the main reason why insurance for Estate and Letting Agents is essential. With the home-buying process constantly changing, the changes in legislation and the introduction of Home Information Packs there is an increased opportunity for an error to be made.
With property litigation on the rise, there is an increased pressure for estate and letting agents to protect themselves. The property market has been volatile in recent years and since the drop in 2008 there has been a significant increase in the claims being brought against agents in the sales and lettings arena.
There are professional bodies which have rules relating to PI cover including mandatory cover or minimum limits required for their members.
The main professional bodies with PI rules are as follows: