Does anybody know if the NACHI insurance program covers you for the previous year. I have FREA now, and if I opt out of FREA and get into a new insurance policy I have to pay FREA almost an entire year’s premium to cover me for last year in the event that I get a claim for an inspection that I did over the last 12 months.
I would guess that you have to pay extra for the 1yr prev. coverage if you switch. Or pay for tail coverage with FREA.
Does everybody realize that while FREA will cover up to 75 units that they have to be a max of 4 units per building? They do not put this in the advertisements.