Errors & Omissions (E&O) Insurance for 1031 Exchanges

We offer errors and omissions (E&O) insurance and fidelity bonds to 1031 exchange intermediaries in select states.

Section 1031 of the Internal Revenue Code allows capital gains or losses to be deferred when certain types of "like-kind" properties are exchanged.

In real estate, the properties must be commercial or investment properties as primary residences or second homes are not eligible. The transactions are handled by qualified intermediaries (aka 1031 exchanges) who basically function as escrow officers. The transaction typically involves the seller of the property relinquishing the property to the qualified intermediary, who then sells it to the buyer. The funds are held by the intermediary until a replacement property is purchased.

Call us at 1-877-245-5887 if you have any questions or wish to discuss your insurance needs. We're looking forward to earning your business.

What Coverage does an E&O Insurance Policy provide 1031 Exchange Intermediaries?

Errors and omissions insurance provides coverage for claims made against 1031 exchange intermediaries by reason of an error or omission in the performance of professional services. Just as other real estate professionals, 1031 exchange intermediaries are subject to being sued, even if no error or omission was committed. This is why they should always carry errors and omissions insurance.

E&O insurance for 1031 exchange intermediaries is available in the following states:
Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, Maryland, Michigan, Minnesota, Missouri, Nebraska, Nevada, New Jersey, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Utah, Vermont, Washington, Wisconsin, Wyoming.