DOCUMENTS

COVERAGE SUMMARY

POLICY WORDING

Policy Period	Coverage Changes	View Policy Wording
Sep 1, 2025 – Aug 31, 2026	Errors & Omissions Limits of Liability increased to $2,000,000 each Claim, $4,000,000 Annual Aggregate	Policy Wording
Sep 1, 2024 – Aug 31, 2025	TRESA Phase 2 endorsement incorporated into policy wording	Policy Wording
Sep 1, 2023 – Aug 31, 2024	Updates to definition of Professional Services for clarity Updates to some endorsements including professional services write-back for war risks Includes TRESA Phase 2 endorsement (Dec. 1, 2023)	Policy Wording
Sep 1, 2022 – Aug 31, 2023	Limits increased for Commission Protection and Consumer Deposit Coverages	Policy Wording
Sep 1, 2021 – Aug 31, 2022	Expanded coverage to include Deposit Disputes Endorsement to clarify coverage does not apply to cyber attacks	Policy Wording
Sep 1, 2020 – Aug 31, 2021	Phase-in of coverage for all retired registrants complete Enhancement to Commission Protection and Consumer Deposit Coverages Updated Property Damage and Bodily Injury Exclusion	Policy Wording
Sep 1, 2019 – Aug 31, 2020	Continued phase-in of coverage for all retired registrants	Policy Wording
Sep 1, 2018 – Aug 31, 2019	Updated Property Damage and Bodily Injury Exclusion Continued phase-in of coverage for all retired registrants	Policy Wording
Sep 1, 2017 – Aug 31, 2018	Enhancements to Commission Protection and Consumer Deposit Coverages Updated Property Damage and Bodily Injury Exclusion Continued phase-in of coverage for all retired registrants	Policy Wording
Sep 1, 2016 – Sep 1, 2017	New class of insured added to phase-in coverage for all retired registrants Increased occurrence limits on Consumer Deposit and Commission Protection coverage	Policy Wording
Sep 1, 2015 – Sep 1, 2016	Updated bodily injury exclusion Updated settlement consent clause	Policy Wording
Sep 1, 2014 – Sep 1, 2015	No Significant Policy Wording changes from previous policy year	Policy Wording
Sep 1, 2013 – Sep 1, 2014	No Significant Policy Wording changes from previous policy year	Policy Wording
Sep 1, 2012 – Sep 1, 2013	No Significant Policy Wording changes from previous policy year	Policy Wording
Sep 1, 2011 – Sep 1, 2012	Clarification of the consent clause, limits, RECO defence protection, discovery and notice clause, and definition of commission under the Commission Protection coverage Run-off insurance protection for retired insureds was increased from 2 years to 5 years	Policy Wording
Sep 1, 2010 – Sep 1, 2011	No Significant Policy Wording changes from previous policy year	Policy Wording
Sep 1, 2009 – Sep 1, 2010	Introduction of Graduated Deductible Definition of occurrence under Commission Protection and Consumer Deposit was clarified	Policy Wording
Sep 1, 2008 – Sep 1, 2009	No Significant Policy Wording changes from previous policy year	Policy Wording

CLAIM REPORT FORMS

Claim Report Forms

INSTRUCTIONS:

Each insurance coverage under the RECO Insurance Program has its own specific Claim Report Form. A claim includes a demand (e.g. a threat) or a lawsuit or a notice of arbitration. A circumstance is a potential claim and should also be reported.

To report, please select the appropriate form, download it, and complete all of the information requested. Please make sure that you review the questions carefully and that you submit all of the documentation requested (if available) to ensure that your claim can be reviewed promptly. Upon completion please email the form and any relevant documentation to the Program Adjuster, ClaimsPro LP.

Note: Your coverage is on a “claims made” basis – in other words the policy requires that the “claim” is reported to the insurer during the policy period (September to August) in which the claim is first made against you.

If you have been served with any court documentation you should pick up the phone and call the Program Adjuster immediately, even if you have not completed the Claim Reporting Form.

Errors and Omissions Claims

Contact:

ClaimsPro LP
175 Commerce valley Drive West
Suite 600
Markham, ON L3T 7P6

Toll Free Tel: 1-877-740-1913
Toll Free Fax: 1-866-735-1033
Email: claims@reco-claims.ca

Download
Errors and Omissions
Claim Report Form

Consumer Deposit Claims

Contact:

Real Estate Council of Ontario
3300 Bloor Street West
West Tower, Suite 1400
Toronto, ON M8X 2X2

Tel: 416-207-4800
Toll Free Tel: 1-800-245-6910
Email: insurance@reco.on.ca

Download
Consumer Deposit
Claim Report Form

Commission Protection Claims

LOSS PREVENTION

The Insurer has introduced a number of loss control initiatives since September 1, 2007 including:

Loss control bulletins written by claims professionals on issues which give rise to claims.
Loss control “case studies”, real life claims used to demonstrate what went wrong and how to avoid making the same mistake.
Currently the insurer is actively supporting RECO’s online course in an effort to help provide current statistics and keep course content relevant to its Registrants.

Loss Control Bulletins:

DOCUMENTS

COVERAGE SUMMARY

Policy
Wording

Claim Report
Forms

Loss
Prevention

POLICY WORDING

CLAIM REPORT FORMS

Claim Report Forms

Errors and Omissions Claims

Consumer Deposit Claims

Commission Protection Claims

LOSS PREVENTION

RECO Professional Liability Insurance Program

Claims forms

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DOCUMENTS

COVERAGE SUMMARY

Policy Wording

Claim Report Forms

Loss Prevention

POLICY WORDING

CLAIM REPORT FORMS

Claim Report Forms

Errors and Omissions Claims

Consumer Deposit Claims

Commission Protection Claims

LOSS PREVENTION

Policy
Wording

Claim Report
Forms

Loss
Prevention