What is the first step to making a claim against a real estate licensee's Errors and Omissions insurance?

The first step to making a claim against a real estate licensee's Errors and Omissions insurance is submitting written notification to the insurance company. This step is crucial because the insurance company needs official documentation to assess the claim and determine whether it falls within the coverage of the policy. Written notification serves as a formal record of the claim, outlining the specifics of the incident and the damages incurred.

This process initiates the investigation and allows the insurance company to respond appropriately, which is necessary to protect the rights of the parties involved. Laws and regulations typically require that claims be filed in writing to ensure clarity and accountability, making this the most appropriate first step in the claims process.

Submitting a verbal notice, filing a complaint with state authorities, or contacting the broker's office may be relevant actions, but they do not directly initiate the claims process with the insurance provider. Without formally notifying the insurance company in writing, there is no basis for them to evaluate or accept a claim.