Errors & Omissions Insurance: An Expensive Necessity or an Unnecessary Luxury?

Errors & Omissions insurance is an often overlooked and misunderstood necessity that many abstractors avoid due to the often high cost and the mystery that surrounds it. If an abstractor never misses a lien, he has paid an extremely high price for something he never needed. Yet, if he does miss a lien, he alone can be held responsible for the amount of the entire claim.