That and what clients use you for. If your business is mainly current owner and doc retrievals you are pretty safe with 250K at the most 500K. My clients are increasingly asking me to do more commercial searches and complex searches which will up the liability so I'm thinking the 1M. Many times commercial searches will have loans for more than that amount. I would hate to miss those with 250K. The trouble I am having with all this is the high liability and them wanting a good price for the search. I would actually rather do 2 current owners than one commercial for liability purposes plus I always type reports for commercial - one reason so they understand what it is I am producing - sometimes they can be complex in financing - but they sometimes want less than what a 2 current owner residential would cost and I'm just not going for it. I actually price my commercial searches according to the appraisal office appraised value. I feel that usually tells me what I'm up against or at least the possible liability I have in doing the search.
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