I had that suspicious feeling that FREA would lure me into insuring with them at an affordable NACHI group discount rate for the first year, then (after they baited the hook) they would raise their premiums.
Just to inform everyone, FREA has raised my annual E & O insurance premium approx. $500.00. I’m sure all FREA insurers will notice their increases when it comes time to renew for 2006.
That’s not all… they also raised the WDI/WDO coverage from $250.00 to $495.00. Must be nice to raise rates whenever they feel like it.
They did decide to lower the $2,000.00 deductible to a $1,000.00 deductible.
Typical Insurance firm…