Originally Posted By: cbutler
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you are more than welcome to call and speak to me personally about any questions regarding FREA.
Mr. Bowers, I am sorry to see that you did not care for our services and that they did not fit your situation. Like you said, to each his own for solutions and look what is best for you and your business. I couldn’t agree more.
A couple of items I wanted to clarify with you, are you the only inspector for your business? If you are then you do NOT need to name your business on the policy as we will duly defend you and your business no matter how it is set-up and you are the ONLY one doing inspections for your business. Thus the Corporate coverage rider (business name) would not be necessary.
Now if you have an employee, independent contractor or John Smith covers your phones while you are on vacation and answers them as Bowers inspections services - then someone else is doing an inspection under your business name and then you would get the Corporate coverage rider for your business name. And it is a small cost to name the business of 10% to do so.
Now you also indicated that there is an “additional” charge for a second inspector - true - but it is a completely separate policy in that individuals name. Allen as an FYI charges $1,600.00 for each additional inspector now - and considers an apprentice an inspector now as well per one of newly insured’s from NJ.
You also indicated the cost of going on the payment plan - as we are not an insurance agency or carrier - we have to pay the carrier immediately for the insurance and if someone chooses to go on the payment plan that we extend as a courtesy then there has to be a cost associated for it. As all of our competitors do the same thing to go on a payment plan - so no difference there.
The BIG difference is we do NOT charge for surplus lines fees, taxes, or broker fees like our competitors.
as you are in Texas and Allen does not insure there (who is the only one that I know of that offers new home construction - let me know if someone else does) your point about us not offering would be…
We do not offer phase construction coverage - as the Home Inspector is viewed as a sub on the active job site as the home has not been completed; and you would be named in a class action lawsuit by the homeowners at a later date against the builder and ALL of the subs who ever walked on that job site would be named in the suit. Thus, any inspection done prior to the home being “released” (usually called a certification of completion) by the builder to the homeowner would not be considered a home inspection and actually be a phase inspection and you would be open to a very big lawsuit by being on the property and in the courts eye’s you would be just another sub on the job be it one, one week or one hour…
As for you getting a policy to read like I explained to you over the phone we have had to many issues with competitors and the like that have used it inappropriately by contacting our carrier trying to write business through them directly and eliminate us. What would you do to protect your business interests?
As we insure well over a couple hundred inspectors in Texas you can ask one of them if you attend a TAREI meeting or ask me to bring you a copy to review in October when we have a representative at the TAREI show. Thanks for helping us get the paperwork in order 2 months ago with the insurance department of Texas. As someone in the office that our insurance agency utilizes misplaced the paperwork in the wrong file for the renewal of the RPG for Texas.
(Former) Director of Membership @ FREA