When must Errors & Omissions insurance be renewed?

When must Errors & Omissions insurance be renewed?

• A. June 30
• B. December 31
• C. January 1
• D. September 30

Answer: (B)

E&O insurance for Colorado real estate licensees is typically issued on a calendar-year basis, meaning the policy runs January 1 through December 31. Renewal happens at the end of the year so coverage can start anew on January 1. Maintaining continuous protection is essential because a lapse could leave you unprotected during transactions and could raise issues with the Real Estate Commission or your brokerage. That’s why December 31 is the correct renewal date. The other dates don’t align with the common calendar-year renewal cycle used by most E&O policies.

E&O insurance for Colorado real estate licensees is typically issued on a calendar-year basis, meaning the policy runs January 1 through December 31. Renewal happens at the end of the year so coverage can start anew on January 1. Maintaining continuous protection is essential because a lapse could leave you unprotected during transactions and could raise issues with the Real Estate Commission or your brokerage. That’s why December 31 is the correct renewal date. The other dates don’t align with the common calendar-year renewal cycle used by most E&O policies.