Discounted E&O from FREA

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81

Originally Posted By: jfarsetta
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I cannot speak for Chris, but as I understand it, the discounts were cut across the board. It is association non-specific. I do not believe FREA had anythin to do with it, but is boung by the rulings of the carriers they deal with.


Let's wait for Chris' response.

--
Joe Farsetta

Illigitimi Non Carborundum
"Dont let the bastards grind you down..."

82

Originally Posted By: bkelly1
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If it is gone, lets remove it from the benefits page. Hope it still is there!

83

Originally Posted By: bkelly2
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http://www.frea.com/

–
“I used to be disgusted, Now I try to Be amused”-Elvis Costello

84

Originally Posted By: cbutler
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I should just let Joe answer for me more often…


he did great.


The discounted E&O rates end September 1st, 2005.


It is for ANY and EVERY group that FREA has ever offered a discount.


So it is not association, franchise or group specific.


It was either drop the discount and face a 7% increase or keep the discounted rates and face a 25-28% increase…


after doing the math - the better “deal” for our members was to take the lower rate increase and drop the group discounts…


We did get one huge concession back from them though…


We got the deductible back down to $1,000.00


So there is some good news to go with the bad.


Call me with any questions, or your representative here at FREA.


Sincerely,

–
Sincerely,


Chris Butler


(Former) Director of Membership @ FREA


chris_butler32@yahoo.com

85

Originally Posted By: jfarsetta
This post was automatically imported from our archived forum.


$1000 deductible is good news, Chris…

–
Joe Farsetta


Illigitimi Non Carborundum
"Dont let the bastards grind you down..."
86

Originally Posted By: bkelly1
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We still get the discount before Sept 1? icon_biggrin.gif

87

Originally Posted By: cbutler
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Mr. Kelly,


you policy expires in October so it will not apply to you.


The deadline is for “new” people signing up with FREA.


Renewals such as yourself will be receiving the renewal application in the mail shortly with the new rates.


Sincerely,

–
Sincerely,


Chris Butler


(Former) Director of Membership @ FREA


chris_butler32@yahoo.com

88

Originally Posted By: mgault
This post was automatically imported from our archived forum.


Chris,


Thanks alot for your work here.

--
-Mike
A to Z Home Inspections, LLC

www.atozhomeinspections.net

89

Originally Posted By: bkelly1
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Thanks for your answer!

90

Originally Posted By: bkelly2
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jfarsetta wrote:
$1000 deductible is good news, Chris...


Of course it is good news. ![icon_wink.gif](upload://ssT9V5t45yjlgXqiFRXL04eXtqw.gif)

--
"I used to be disgusted, Now I try to Be amused"-Elvis Costello
91

Originally Posted By: jmichalski
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Good news or not, I believe that this no longer qualifies as a “special benefit” for NACHI members and should not be advertised as such on our website as of September 1.

92

Originally Posted By: cbutler
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if you are thinking of getting E&O coverage, don’t delay!


The discounted rate for NACHI members who either have had insurance for a year elsewhere or have completed 250 inspections or more are eligible for the discounted rate.
If you are "new" you will come in at the "candidate level" coverage of a $500,000 policy limit and a cost of $3,550.00

The discounted rates are:
$1,000,000 coverage normally: $3,295.00 discounted rate: $2,975.00
$ 500,000 coverage normally: $2,995.00 discounted rate: $2,695.00
$ 300,000 coverage normally: $2,795.00 discounted rate: $2,525.00

These rate are only good until September 1st.
At that time the discounts disappear for every association, franchise or group that had one with FREA in the country.

The new rates will also go into effect as well on September 1st.
$1,000,000 coverage will still be $3,295.00
$ 500,000 coverage will go to: $3,195.00
$ 300,000 coverage will go to: $2,995.00
candidate level coverage ($500,000 policy limit) stays the same at $3,550.00

If you currently have a policy with FREA and you have a renewal date after September 1st - these will be your news rates when you get your renewal application mailed to you 6 weeks prior to your renewal date.

We very much appreciate your business and look forward to seeing you around the country either at a local chapter, state meeting and the "big one" in Florida early next year.
If you have any questions, please contact your representative here at FREA.

--
Sincerely,
Chris Butler
(Former) Director of Membership @ FREA
chris_butler32@yahoo.com

93

Originally Posted By: cbutler
This post was automatically imported from our archived forum.


Gentlemen and Ladies,


As of Friday August 26th, 2005; my employment with FREA ended due to company restructuring.


As I was told it is a company reorganization.


It was a pleasure to meet and work with many of you. And to all of the many friends I made as well.


I enjoyed working in your industry immensely.


I wish you all the best!


Sincerely,


Chris Butler


San Diego, CA.

94

Originally Posted By: bkelly2
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Mr Butler, the last time I got RIFed I became a home inspector.


Good Luck with your next endeavor

--
"I used to be disgusted, Now I try to Be amused"-Elvis Costello

95

Originally Posted By: tallen
This post was automatically imported from our archived forum.


cbutler wrote:
Gentlemen and Ladies,
As of Friday August 26th, 2005; my employment with FREA ended due to company restructuring.
As I was told it is a company reorganization.
It was a pleasure to meet and work with many of you. And to all of the many friends I made as well.
I enjoyed working in your industry immensely.
I wish you all the best!
Sincerely,
Chris Butler
San Diego, CA.


Sorry to here that Chris.

I wish you the best of luck. ![icon_biggrin.gif](upload://iKNGSw3qcRIEmXySa8gItY6Gczg.gif)

--
I have put the past behind me,
where , however, it now sits, making rude remarks.

www.whiteglovehomeinspections.net

30 Oct 2003-- 29 Nov2005
96

Originally Posted By: cbutler
This post was automatically imported from our archived forum.


Mr. Kelly and Mr. Allen - thank you!


Good luck to both of you!


thanks for the kind words and support…


Sincerely,

–
Sincerely,


Chris Butler


(Former) Director of Membership @ FREA


chris_butler32@yahoo.com

97

Originally Posted By: Nick Gromicko
This post was automatically imported from our archived forum.


NACHI to the rescue!


We just added more states to our exclusive E&O insurance discount portal. The program is now available in California, Colorado, Georgia, Illinois, Louisiana, Masachusettes, Michigan, Minnesota, Missouri, Nevada, New York, Ohio, Pennsylvania, Texas, and Virginia with other states and Canada to follow quickly.

http://www.nachi.org/eo.htm

--
Nick Gromicko
Founder
dues=79cents/day.

I much prefer email to private messages.