When you guys went to get insurance...

Originally Posted By: Jeffrey Fox
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Did the agent give you the 120 questions routine?? I had to have a copy of my membership, one of the contract i’m gonna use, one of the report i’m using, my letterhead and a written resume of my training and experience. I felt like i was on trial trying to get out of a murder. icon_confused.gif


Originally Posted By: mhenderson
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Jeff,


went thru all the 20 questions too,but heres the kicker,my insurance rates went up 350 dollars from last year with NO CLAIMS & they blamed it all on 911 & terrorist acts.I asked her in writing to please elaborate & justify why my rates went up & whats that got to do with me…that was in October…I still havent got a reply yet...just statements on the increase..what a racket huh?Im insured thru “Lloyd`s of London”.


Mike @ EagleI[/url]


Originally Posted By: jmyers
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Jeff,


That is pretty typical of E & O Insurance. I felt like I should have to plead guilty at any time! icon_smile.gif

Joe Myers


Originally Posted By: Jeffrey Fox
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Mike and Joe,


Glad to here it's routine i thought my insurance man was into midevil torture. icon_smile.gif


Originally Posted By: mmazzitello
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Seemed pretty painless to me. I am dealing with a group called Diversified out of Waukesha Wisconsin.


They have a special program for new home inspectors where you get a $2-Mil E&O, 1-Mil liability with a $1000-ded for $2188/year or $172/mo.


No torture, no pain, just pay money.....and they like those have graduated from the Amer. Home Inspe Trng Institute and passed all the tests...NHIE, state exam and are licensed.

Piece-a-cake..so sorry you guys had such a time.


Originally Posted By: kbliss
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Michael,


Sounds real good can you give me their phone number or web site.


Kurt Bliss


Originally Posted By: jmyers
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Michael,


Good information. Thanks for sharing it with us.

Joe Myers


Originally Posted By: dbush
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Michael, you got me all excited - then I called them and they told me that although they are licensed to do business in Missouri, that program was not available here. Thanks for the possibility though.



Dave Bush


MAB Member


"LIFE'S TOUGH, WEAR A HELMET"

Originally Posted By: mmazzitello
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The company is


Diversified Insurance Services, Inc.


W223 N 608 Saratoga Drive


Waukesha, WI 53186


Tel: 262.574.0440


Fax: 262.574.0477


Ask for Christine Coffey icon_wink.gif

Hope this helps........


Originally Posted By: sfrank
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Just wanted to let you all know, I checked out Diversified Insurance today and they are only licensed to write insurance in Wisconsin, Minnesota and Illinois. icon_redface.gif


I also am having trouble finding an insurance co. to write E & O ins. with higher limits like 1 million / 2 million vs the 100k / 500k required by PA. I just faxed an outfit in the Pittsburgh area and will let you know what I find out.


Until then if anybody has any suggestions on that matter please reply.


Thanks,


Scott


Originally Posted By: jmyers
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Scott,


If you are working in PA you should check out griffith insurance, mark monroe.

Here is the link:

http://www.griffithllp.com/

Hope this helps.

Joe Myers


Originally Posted By: sfrank
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Thanks Joe, I did get a quote from Griffith. They will only write the minimum req’d. in PA. I personally don’t think that’s enough and if you want to get on Coldwell Bankers “Preferred List” you have to carry 1m.


I’ll keep looking.


Scott


Originally Posted By: jmyers
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Scott,


You may find that you are working at getting on that list for nothing. Most of the agents that I know don't use those preferred vendors they already have people they like to use. You could try direct marketing to the agents in those offices which I consider much cost effective than paying monies to be placed on those lists. icon_biggrin.gif

Joe Myers


Originally Posted By: jhagarty
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DELETED



Joseph Hagarty


HouseMaster / Main Line, PA
joseph.hagarty@housemaster.com
www.householdinspector.com

Phone: 610-399-9864
Fax : 610-399-9865

HouseMaster. Home inspections. Done right.

Originally Posted By: sfrank
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Thanks Joe and Joe, sounds like good advise. I’m more concerned with protecting my ASSets than getting on their list though. $100,000.00 isn’t much by todays standards and incorporating won’t protect you if they find you (the inspector) negligent, so the only alternative is to carry lots of insurance. I currently carry 1m / 2m in my contracting business which I feel is adequate, there must be a company out there that will write more than the minimum req’d. in PA I would think.


Scott


Originally Posted By: mpatton
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Try FREA,


http://frea.com/app_h_in.htm


This link takes you to the page that describes coverage & price.



Michael Patton


AA Home Inspection


Serving Northern KY & Greater Cincinnati OH


AA@AAHomeInspection.net
www.AAHomeInspection.net

Originally Posted By: sfrank
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Thanks Michael, I will check it out. So much to do, so little time icon_confused.gif


Scott


Originally Posted By: jmyers
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Scott,


If you have that much in assests in your name no amount of insurance is going to save them. You should go buy a few assest protection books and then contact a good attorney! icon_biggrin.gif Sometimes you just have to give it away in order to keep it.

Joe Myers


Originally Posted By: sfrank
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Thanks again Joe. It’s not that I have a ton of assets, just that I’d like to keep what I have if you know what I mean. Listening to everybody talk about c.y.a. and seeing how all of the contracts and reports are written it sounds like getting sued in this business is a very real possibility. You seem to know what’s going on, is it a big problem for Inspectors?


FREA does offer more insurance coverage than Griffith, know anything about them?


Scott


Originally Posted By: jfarsetta
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FREA is a good outfit. They have a brief instructional program in risk assessment and avoiding getting sued kind of stuff for new inspectors. The insurance is a little pricey the first year, but drops in year 2.