Posted on Nov 30, 2018

ALIA (Riverton Insurance Agency Corp)

Real estate appraisers, like their companions who work in the real estate industry under different titles, face the same risk of being sued by a homebuyer or seller. With an industry constantly in fluctuation and an unpredictable market, it’s not easy nailing down certain specifics when it comes to liabilities.

There are cases in which an appraiser has committed a mistake and goes under the legal microscope. But whether they have made an error or are alleged of committing an error without proof, they run the risk of a tarnished reputation. This is why having protection like real estate appraisers insurance is so important. But before you set up your policy – or if you’ve started looking already – it’s best to look over some common claims brought against real estate appraisers.