RECO Insurance Program: A Partner in Protection //
With the annual RECO insurance renewal period underway, there is no better time to refresh your understanding of the insurance program. What type of coverage do you receive? Do you know whom to contact to report or submit a claim, or what to do if you suspect an incident may evolve into a claim?
This course will give you a stronger understanding of the three types of coverage (Errors and Omissions, Commission Protection and Consumer Deposit Protection). And it goes beyond the fundamentals of the insurance program with a case study-based approach that teaches you how to proactively manage potential problems head-on.
“Insurance can be a very tricky topic,” said one registrant who completed the elective. “This course laid it out well using scenarios, which made the subject easier to understand.”
In this in-depth review of RECO’s insurance program, you will learn:
- why the program is important for Ontario’s real estate industry;
- highlights of the program’s components, including benefits, coverage and relevance to the Real Estate and Business Brokers Act, 2002;
- how to report, submit and handle insurance circumstances and claims in an accurate and timely manner; and
- how to proactively seek solutions and strategies to lower your exposure to risk, and detect potential red flags in a real estate transaction that could turn into larger issues down the line.
To learn more about RECO’s insurance program and to pay your renewal fee by the August 17 due date, log into your RECO MyWeb account.