Appraisers errors and omissions

{
  "id": "MLC-T-INS-000443",
  "term": "Appraisers errors and omissions",
  "field": "Insurance and risk management",
  "definition": "Professional liability insurance designed for real estate, art, or other valuation appraisers, protecting them from claims alleging financial loss due to errors, omissions, or negligence in their appraisal services. This includes claims arising from inaccurate valuations, failure to disclose material facts, or improper methodology. The policy covers defense costs and damages awarded, up to the policy limits, for covered claims.",
  "subject": "Professional Liability",
  "url": "https://mlchart.com/terminology/insurance/appraisers-errors-and-omissions/"
}