Originally Posted By: Chris Butler
This post was automatically imported from our archived forum.
Nick mentions the following:
Five factors account for this trend:
1. Realtors afraid of negligent referral suits are keeping an arms-length distance from inspectors.
With FREA, ALLEN and BRP we all have the agent referral indemnity protecting the agent/broker, lender, banker - whomever refers you in the industry to the Home Owner. I am not sure about Target.
One more reason to have E&O.
And with the NACHI discount for E&O from FREA, what a great way to protect your business and get more referrals from agents/brokers, lenders, etc.
Remember that you need to have more than 175 inspections to qualify for the level A,B or C coverage with FREA that offers the NACHI discount.
The candidate level is not discounted.
Also as it has come up 4-5 times in the last 2 weeks, you need to go to a Home Inspection school and provide to us a copy of a certificate that you completed the introductory 2 week course to Home Inspection that the school offers (sometimes shorter, sometimes longer - depending on the school), otherwise we cannot underwrite you. The test that NACHI offers is not something that replaces this carrier requirement.
(former) Director of Membership @ FREA