Title Agents Secure Peace with Essential Insurance Solution
Real-World Examples and Data
In the real estate industry, the cost of defending a single lawsuit can easily reach tens of thousands of dollars. According to industry reports, the average cost of an E&O claim is approximately $55,0001. By investing in E&O insurance, title agents can protect themselves from such significant financial burdens.
Furthermore, the market for title insurance is robust, with the American Land Title Association reporting over $19 billion in title insurance premiums written in 20212. This demonstrates the industry's reliance on insurance solutions to manage risks effectively.