Doug in NC
Elite Member
- Joined
- Jan 17, 2002
- Professional Status
- Certified Residential Appraiser
- State
- North Carolina
Then again, if you lose prior acts coverage and a bank decides it wants to go after you to recoup a $100K loss, what good would it do to try to squeeze blood out of turnip? I think E&O is great for banks and insurance companies, as they are the beneficiaries at the expense of appraisers.