All real estate salespersons and brokers in Ontario must participate in RECO’s insurance program. It provides essential protection for you and your clients and customers through its errors and omissions insurance, consumer deposit insurance and commission protection insurance. Forms can be found here.
RECO works with insurance broker Alternative Risk Service to secure the best insurance coverage and rates for you each year.
The total cost of insurance, including taxes and expenses, for the 2017-2018 policy period is $440.00.
You can purchase your insurance coverage through MyWeb.
How to make your Insurance Payment
Use your MasterCard or Visa to make your insurance payment online through MyWeb, RECO’s exclusive web portal for registrants. If you don’t already have a MyWeb account, creating one is easy and free. Click here to sign up. Once you’ve logged into MyWeb, click on the Insurance tab located on the left side of the screen to make your payment. Payments cannot be made by phone.
Please note: In the interests of information security, please do not email or fax your credit card details to RECO. Registrants are required to make a payment online using MyWeb, RECO’s web portal for registrants.
All the claim forms can be found here.