Greetings all. My name is Doug. I am not yet a licensed inspector in Texas. I have completed all of the course work necessary but as you know, before I can apply to take the TREC exams, I must have Errors and Omissions insurance in place.
I am having a devil of a time finding an affordable company to write a policy on a brand new licensee. I was hoping that there might be someone out there that could offer some suggestions.
I thank you in advance for taking the time to read my post and again for any replies that I may get.
Unless the rules have changed again recently, I believe that you do not need the insurance until you apply for your license not before the test. I got my policy between getting the passing grade and the issuance of the actual license. I could be wrong on though. There are always small changes to the rule that are hard to keep up with.
I would highly recommend Don Nixon with Southern Preferred. He is the carrier for at least 25% of the inspectors in the state and has the policy for our local TPREIA/InterNACHI chapter.
Here’s who I use:
The InspectorPRO Team
Citadel Insurance Services, LC
826 East State Rd, Suite 100 America Fork, UT 84003
(801) 610-2713 | (801) 610-2701 (Fax)
This division specializes in insuring home inspectors. It’s about $1880 per year for both Liability and E&O insurance.
Yes. I don’t remember who but the “SEARCH” function above can help.
Remember to have verified , in writing, what you are getting and if the per inspection E&O will be part of a continual “Claims Made” policy, if that is what you choose.
Thank you for your replies. I will contact TREC directly about the insurance requirement. I was lead to believe it was required pre-test.
I’m assuming that the per inspection option would be a cost savings as one built their business rather than paying a full policy year when you may not have inspections for weeks at a time?