Hi to all,
I am one of the ones looking at the “pay per inspection” E&O insurance. A few things concern me about what I read on the “agreement” that was sent to me to consider. I was wondering if those of you familiar with types of E&O could shed some light on them?? I am sure there are more concerns, but here are a couple.
It is “claims made basis”- what the heck is this?
The agreements/reports are not valid for insurance coverage after the expiration of your coverage period.-Is coverage null & void if someone tries to sue you if you go out of business or something?
Here http://www.home-inspect.com/payperinspection/ is the site if any others of you are considering this.