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E & O: Mandatory In Some States?

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Julio E. Sune Jr. (FL)

Senior Member
Joined
Jan 16, 2002
Professional Status
Certified Residential Appraiser
State
Florida
Mortgage Co. in MO. loan on property in Florida (Florida Keys)---I did the appraisal.

Anyway; got a call today asking for a copy of my license (ok) and a letter from me stating that "E & O insurance is not mandatory in the State of Florida".

Somewhat puzzled....

Any comments????????

:eyecrazy:
 

Mike Garrett RAA

Elite Member
Gold Supporting Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
Colorado
Interestingly enough E & O insurance for appraisers in Colorado is not mandatory; however, if you hold a brokers license then you are required to have it. The state mandatory program has an appraiser's endorsement which is quite inexpensive.
 

Mountain Man

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
Georgia
Not required in GA either. But if you have any assest, or ever plan to have any :D , I'd carry it.
 
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