When you guys went to get insurance...

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#1

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

#2

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]

#3

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

#4

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

#5

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.

#6

Originally Posted By: kbliss
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Michael,


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


Kurt Bliss

#7

Originally Posted By: jmyers
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Michael,


Good information. Thanks for sharing it with us.

Joe Myers

#8

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"
#9

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........

#10

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

#11

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

#12

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

#13

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

#14

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.
#15

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

#16

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
#17

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

#18

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

#19

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

#20

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.