Our Sellers Protection Plan

What’s Covered?

This policy will pay on behalf of you, the seller, all amounts, including defense costs, up to $25,000 over the $2,500 deductible, which you, the seller, become legally obligated to pay as a result of a covered circumstance. The covered circumstance must occur and claim must be made and reported within the coverage period. A covered circumstance means a lawsuit, arbitration or mediation proceeding, or alternate dispute resolution proceeding to which you submit, with our consent, instituted against you by the buyer, resulting from actual or alleged undisclosed defects in residential property which is your principal residence. For your coverage to be valid your broker’s policy with us must be in effect at the time of the completed contract (your closing) and when claim is made against seller. What’s Not Covered? All insurance products have exclusions, or situations they don't cover. The major exclusions in this coverage include:

• Intentional, dishonest or fraudulent act(s) committed by you or on your behalf

• Covered circumstances of which you had knowledge prior to closing

• Claims by you against your real estate broker and/or agent

• Claims involving escrow monies

• Claims for damages to the residential property sustained subsequent to closing escrow

• Claims against you not involving your principal residence.

How Does It Work?

Because your real estate broker cares about your peace of mind, you will be automatically enrolled in the SPP program. Coverage begins on the date of the completed contract (closing) and continues for 180 days. You have the option to extend your coverage for an additional 180 days, for a total of 360 days. If you wish to extend your coverage, you must complete the attached installment form and mail it along with your check and closing statement within fifteen (15) days of the close of escrow. You may also contact CRES at 1-858-618-1648. No additional extensions are available. The premium to extend your coverage for an additional 180 days is $100 ($200 in California) paid by you. The premium paid for the SPP is fully earned and non-refundable. What Do I Do in the Event of a Claim? Since you are working with a highly professional real estate broker, we are confident you won’t have any problems. If a problem develops between you and the buyer, please call us as soon as possible at 1-858-618-1648. Don't wait until it becomes a lawsuit. Early intervention is often the key to a favorable outcome.


THIS DOCUMENT IS AN OVERVIEW AND SUMMARY OF COVERAGE, FOR A COPY OF THE ACTUAL ENDORSEMENT AND ALL TERMS AND CONDITIONS WHICH APPLY, CONTACT CRES AT 1-858-618-1648. Your Agent/Broker has a business relationship with the Real Estate Agents Alliance Purchasing Group, which is a casualty insurance buying and risk management collective. Through this relationship, in addition to the protection you receive, your Agent/Broker may also receive more protection because your home warranty belongs to a class of warranties that afford superior protection. This additional protection is in the form of a reduced deductible in case there is a claim for money or services arising from their representation in the purchase and sale of your home.