Originally Posted By: Webmaster This post was automatically imported from our archived forum.
I am happy to announce that after months of development we are ready to release the NACHI/Towers Perrin Members-Only Insurance Program. The first “pilot” release will be available for members in Pennsylvania, New York, and Florida. Over the coming months we expect to expand the program to cover much of the United States.
Members that reside in one of the pilot states can receive more information/an instant estimation, and apply online by visiting https://www.nachi.org/insurance/ . You will need your members-only username and password to access this system. New announcements will be made when the program is available in additional states.
Originally Posted By: Nick Gromicko This post was automatically imported from our archived forum.
Two great points:
1. This is an exclusive deal for NACHI members. No one else can touch it.
2. The discount over other insurance providers, regardless of what riders you choose, is greater than the cost of NACHI membership ![icon_biggrin.gif](upload://iKNGSw3qcRIEmXySa8gItY6Gczg.gif) . This means that non-NACHI members have to pay every year for the privilege of not joining NACHI
Originally Posted By: jjackson This post was automatically imported from our archived forum.
Being a new NACHI member, I tried to get a quote, but ran into trouble when they asked for the previous policy # and history (I have none). What did I do wrong?
Originally Posted By: jjackson This post was automatically imported from our archived forum.
Hi Bob
Thanks for the welcome-now all I have to do is get some E and O. I used zeros and the word "none". I tried zeros for the policy #. What should I have put in? I met another John Jackson once--worked for a car dealer here in Pgh.-just like me. Dont think I have any relatives in Warminster but who knows?
Originally Posted By: jjackson This post was automatically imported from our archived forum.
I hate to keep bothering you guys, BUT, can anyone recommend how much insurance I should have? I am just getting started in the state of Pa. and I have to have a minimum of $100,000. I have to tell you that the NACHI insurance is the best I have heard of so far.
Originally Posted By: rwills This post was automatically imported from our archived forum.
John,
Pa law requires: Home inspectors must maintain insurance against errors and omissions in the performance of a home inspection and general liability with coverage of not less than $100,000 per occurrence and $500,000 in the aggregate and with deductibles of not more than $2,500.
Just for the Record,
The estimate I got from NACHI/Towers Perrin came in around $2300 and a NACHI discount of $326. Annually wwill be approx. $19xx. That of course doesn't include any financing fees for installments. Installment choices were not included in the application.
I checked three other companies and all were between $2500 to 2800. Of course the prices will vary depending on the application information you submit.
Originally Posted By: jjackson This post was automatically imported from our archived forum.
Keeping in mind that I am a newbie, my quote was $2550, which included a NACHI discount. I have been hearing horror stories of $3600 and up. It’s nice to know it drops sometimes. That figure also included a
MINIMAL YEARS IN BUSINESS of $563.00. For some reason, that just doesn’t seem that bad. Thanks for the info.
Originally Posted By: cmccann This post was automatically imported from our archived forum.
Good info, strange how this works. I actually printed off the FREA form, and was about to start filling it out when I got the e-mail from Chris.
Chris or Nick,
Anyway to get some sort of timetable for other states or can I lobby for Michigan and get support from fellow inspectors to get Michigan on the next round? I believe that Michigan is the next state with the most NACHI members, if not then very close. Thanks,