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Professional Indemnity of Independent Appraisers

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Professional Indemnity of Independent Appraisers

The insurance Professional Indemnity of Independent Appraisers covers the liability of certified independent appraisers – natural persons and companies of independent appraisers with regard to material damages caused to the assignor under an appraisal agreement, which occurred during the period of the insurance policy and are the direct and proximate consequence of the appraiser’s actions.

The insurance covers the liability of the appraiser when it occurred as a result of appraisal of sites, for which the assessor is certified under the Independent Appraisers Act.
The subject matter of the insurance can be the overall activities of the appraiser for the period of the insurance or a specific appraisal agreement. 

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