In the news ... Wednesday, April 09, 2014

Mid-Atlantic Area

 

Pennsylvania

Three Glenhardie Corporate Center

1265 Drummers Lane, Suite 220

Wayne, PA  19087

(610) 687-8020

(800) 842-2080

(610) 687-6056 - fax

 

Calder Square

P.O. Box 10326

State College, PA  16805-0326

(814) 238-3600

(814) 238-3604 - fax

 

125 Technology Drive, Suite 101

Canonsburg, PA  15317

(866) 364-2777

(724) 746-5434 - fax

 

Delaware

32 The Green

Dover, DE  19901

(302) 734-3570

(800) 722-0784

(302) 734-3254 - fax

 

The 800 King Street Building

800 King Street, Suite 304

Wilmington, DE  19801

(302) 661-1997

(302) 661-1996 - fax

 

Maryland

Columbia Corporate Park

8850 Stanford Blvd., Suite 2900

Columbia, MD  21045

(410) 953-6763

(800) 664-8306

(410) 953-6761 - fax

 

Virginia

9303 Center Street, Suite 101

Manassas, VA  20110-5547

(703) 365-2300

(800) 232-6817

(703) 365-2400 - fax

 

1503 Santa Rosa Road, Suite 233

Richmond, VA  23229

(804) 288-4090

(888) 859-922

(804) 288-4092 - fax

E&O - Make Sure You're Covered!


            Skyrocketing Errors and Omission costs have caused many agents to investigate alternative carriers. Be sure that when you compare pricing you understand all of the coverages you have and what coverages the new carrier is offering.

             Most importantly, you want to be sure that you have coverage for prior acts. Remember that the E&O policy covers claims that are caused and reported during the policy period. For example, if you are buying a new policy in May, 2008 it may cover negligent acts that occur and are reported during the policy period May, 2008 to May, 2009. That is fine if your agency just opened in May 2008, but that is not adequate if your agency opened in May, 2000. Without "prior acts" or retroactive coverage you have no coverage for claims that were caused by negligent acts that occurred from May, 2000 to May, 2008.

            We require that our agents have retroactive or prior acts coverage that dates back to, at least, the date you entered into your agency relationship with Old Republic Title.

             Should you have any questions, please contact your agency representative or a member of the underwriting staff.

 Should you have any questions, please contact our underwriting counsel: Steve Gratman; Sue Swick or Dwight Edwards.

 

 
 
 

 

Please contact Sue Morgan at Old Republic Title with any questions
or give us a call at 610-687-8020 or 800-842-2080. 

 

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Old Republic Title Update is published by the Mid-Atlantic Area Office of Old Republic National Title Insurance Company in an effort to provide information relative to our industry on a timely basis. None of the materials included in this publication should be deemed legal or underwriting advice or should be acted upon without prior consultation with your underwriter or counsel.