What is Prior Acts Coverage?

The Prior Acts date is the furthest date an occurrence (or potential claim) can have occurred.  If the date is shown as "not applicable" (Full Prior Acts) it means that a claim can have occurred at any time prior to the policy effective date and be reported to the carrier within the policy period.  If the Prior Acts date is specified (the policy shows an actual date), it means that the claim must have occurred after the date specified and be reported within the policy period.  

What is coverage for the sale of Agent owned property?

The policy provides coverage for the sale of agent-owned residential property (including the primary residence) subject to the following conditions:

• A seller disclosure form, signed by the seller, is provided to the buyer and acknowledged by the buyer prior to closing except in circumstances where the disclosure form is not applicable, such as the sale of estate and/or trust properties;
• A home warranty was purchased prior to or at closing; for new homes the warranty provided by the builder is acceptable;
• A property inspection was completed on the property; and
• A state or local board approved standard sales contract or a sales contract drafted by a licensed attorney was used.

This coverage does not apply to claims made by the original owner of a property alleging inducement by you to the financial detriment of the original owner.

What is Fair Housing coverage?

Fair Housing (also known as Discrimination Coverage) is provided for both defense and indemnity of claims that you are legally obligated to pay due to of violations of Title VIII of the Civil Rights Act of 1968 or the Fair Housing Amendment Act of 1988 or any similar state or local law or ordinance.

What is Construction and Development coverage?

There are 2 different endorsements available for this coverage:

1. Construction and Development Property
   This endorsement is available to firms that sell properties that were constructed and/or developed by a separately owned entity of the firm. The endorsement completely excludes coverage for the construction and/or the development company.
2. Family Owned Construction and Development Property
   This endorsement is available for those firms that allow their agents to sell properties that were constructed and/or developed by a family owned entity. The endorsement completely excludes coverage for the construction and/or the development company.

What is Environmental Hazards coverage?

There are 2 different endorsements available for Environmental Hazards (Pollution) coverage:

1. Environmental Hazards Endorsement
   This endorsement is available to firms that generate less than 25% Commercial Sales and provides full policy limit coverage for failure to detect and/or disclose the existence of pollution for owned and non-owned Residential and Non-Owned Commercial properties.
2. Difference In Value Pollution Coverage
   This endorsement is available to firms that generate 25% or more Commercial Sales and provides coverage on a Difference in Value basis for failure to detect or disclose the existence of pollution for owned and non-owned Residential properties and a $100,000 sub-limit for Commercial properties.

What payment options are available?

Geo. F. Brown and Sons, Inc. is pleased to offer a variety of payment options including:

Full Payment:
Full premium due within 10 days of receipt of invoice.

Credit Card Payment options include:
Visa, MasterCard, or American Express

Premium Financing options include:
4 Pay Plan
35% down payment and three equal payments

6 Pay Plan
25% down payment and five equal payments

7 Pay Plan
25% down payment and six equal payments

8 Pay Plan
25% down payment and seven equal payments

9 Pay Plan
25% down payment and eight equal payments

10 Pay Plan
25% down payment and nine equal payments