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DocuSign Envelope ID:4BD3AF05-8D53-4AE5-83F5-70D042544F7F <br /> DNA REAL ESTATE PROFESSIONALS ERRORS <br /> AND OMISSIONS POLICY <br /> IV. RISK MITIGATION INCENTIVE <br /> A. Consent Credit <br /> If the Insured promptly consents to settle a claim when we first ask for their consent then, upon your <br /> written request, the deductible for which the Insured is then liable will be reduced by 25% up to a <br /> maximum of$250 per claim. Your written request must be received within 90 days of such <br /> settlement. <br /> B. Deductible Waiver <br /> The Insured's obligation to pay the deductible amount stated in the Declarations shall be waived, for <br /> an amount not to exceed $5,000, if the following conditions are met and evidence of such is provided <br /> to us when notice of a claim is received: <br /> 1. a seller disclosure form was signed by the seller and acknowledged by the buyer prior to closing; <br /> 2. a home warranty policy was purchased prior to closing; <br /> 3. either <br /> a. a home inspection was completed and a copy was provided to the buyer prior to closing; or <br /> b. if you act solely as the buyer's agent a statement outlining the reasons a home inspection <br /> should be completed and a list of at least three home inspection companies was provided to <br /> such buyer prior to the closing; and <br /> 4. a state or local board approved standard sales contract was utilized. <br /> The obligation to pay the deductible will not be waived if any Insured individually acted as both the <br /> buyer's and seller's agent in the transaction which gives rise to the claim. <br /> C. Mediation Incentive <br /> If mediation of a claim takes place either without institution of arbitration proceedings or service of <br /> suit or within 180 days of the institution of such proceedings or service of suit, and such claim is <br /> ultimately resolved by the process of mediation, the deductible applying to the claim will be reduced <br /> by 50% or$25000, whichever is less. <br /> In the event that one claim is eligible for more than one Risk Mitigation Incentive then you shall receive <br /> the benefit of the highest deductible credit. In no way shall this section be construed to afford more than <br /> one Risk Mitigation Incentive per claim. <br /> V. DEFINITIONS <br /> Bodily injury means bodily injury, sickness or disease and death and includes mental injury, mental <br /> anguish, mental tension, emotional distress, pain, suffering or shock sustained by any person, whether or <br /> not resulting from injury to the body. <br /> Circumstance means an act or omission from which an Insured reasonably expects that a claim could <br /> be made. <br /> CNA65781 XX ED. 05-2012 Page 4 <br />