My insurance is about to run out. I’m pretty sure I want to change companies/policies but I find myself in a bit of a quandary. FREA seems great but a little pricey although they offer CMI’s a no deductible policy. Anybody out there got anything to share?
http://www.nachi.org/insurance.htm
I’m getting ready to switch from FREA to…https://www.nachi.org/insurance/new/
Scott, it goes without saying that you should shop and compare. Of course, that assumes that we inspectors can read and understand the policies, which most of us can’t, but you might want to give Bob Pearson a call at Marion Allen. (800) 474-4472, Ext. 201. He’s an ex-inspector, a straight shooter, and one of the nicest people you’ll ever meet. Good luck.
I have been on an insurance hunt since the first of the year, E & O and G.L. I have found CH Insurance to be reasonable. Contact Carrie Allen 315-234-7500 x 235 or callen@chinsurance.cc, she is very helpful and answers the phone personally. They also have financing, so you don’t have to pay all up front unless you want to. I have only 1 1/2 yrs experience as H.I, but 24 yrs as a union carpenter, and 7 as a realtor so that might have been my problem, but they are willing to work with me. I had gotten quotes up to $3500 and they came in around $2000 for E & O. Good Luck ,Mike
Keith is right on all accounts. You should shop your insurance around. And Bob Pearson is a great guy. He has taught me a great deal despite that he’s competition to a degree. FREA and Allen have been around the longest and I would not suggest going with a different carrier. The Towers Perrin program is a Lexington policy with exclusions for pool, spa, carbon monoxide, etc., etc. That policy is probably less expensive than FREA’s or Allen’s but you less coverage. Further, we (FREA) have not had a rate increase this year and do not anticpate one for at least another 12 months.