REAL ESTATE INSURANCE ALLIANCE - DESCRIPTION
Unfortunately, the potential for liability risk is high in the real estate industry, and errors and omissions claims happen more than REALTORS® would like to know. Claims can and do happen to even the most seasoned professionals.
The Real Estate Insurance Alliance (REIA) provides REALTORS® with valuable Errors and Omissions (E&O) insurance to protect against the financial burden of claims.
The REIA program protects members of the four Atlantic Provincial Associations and the Manitoba Real Estate Association from financial loss due to errors, omissions or negligent acts occurring in the course of their duties as defined by provincial licensing legislation.
Insurance coverage is provided by an insurance carrier (Trisura Guarantee Insurance Company) through insurance brokerage BFL Canada. REIA’s volunteer Board of Directors administer the program and act as trustee for members in the group retention or "deductible" portion of the master insurance policy.
REIA Board of Directors
Chair: Robert Wambolt (St. Peters, NS)
Dennis Richards (Dartmouth, NS)
Brad Walker (Neepawa, MB)
David MacKenzie (Winnipeg, MB)
Wayne Ellis (Charlottetown, PE)
John Whalen (St. John's NL)
John Armstrong (Yarmouth, NS)
Paul Burns (Moncton, NB)
REIA is not only committed to protecting REALTORS® financially, but providing education on claims prevention. While the E&O insurance policy can certainly take away the financial burden, it can’t take away the stress, the demands on schedules or any damage to a REALTOR’S® reputation. This is why prevention is so important.
This web site will provide information of interest to individual salespersons and brokers insured by the master policy facilitated by REIA.
Access to information on the site is for REIA members only. Access is granted using your REALTORLink® password. If you don't have one or cannot remember it, please contact your Association.