Insane CMI exclusive deal... NO E&O INSURANCE DEDUCTIBLES!!!

[John Onofrey]

Originally Posted by gromicko

I've already come up with another way to exploit CMI for marketing purposes: Call yourself a no-deductible inspector... which means that the quality of your inspection service is so high that, unlike other inspectors, your E&O insurance company gives you a zero deductible.

You'd have to be insane to advertise yourself in this manner. Don't get me wrong, working deals like these are good and I think y'all did great but.....

[gbrasseur]

I hope in gerneral E$O....oops E&O in$urance goes down.

[Henry Valenzano, CMI]

Originally Posted by bkelly2

Dale the offer is only for the Insane CMI's.

That describes me perfectly

[Brian E. Kelly]

Originally Posted by hvalenzano

That describes me perfectly

Very funny Henry

[Nick Gromicko]

John, I'd do it if an agent or a potential client asked me if I carried E&O insurance. Once you say yes, that you are insured, the toothpaste is out of tube... so you might as well exploit it to get the job and to argue for higher fees.

[Dale Duffy]

Nick

For some reason I don't think I would Ever tell an Agent or anyone they should hire me because I'm a master inspector with a Zero E&O Deductible...man that is just Crazy! ......Real Crazy!

[Nick Gromicko]

No, what is crazy is thinking that the disadvantage of potentially attracting a client that wants to sue you solely because you carry insurance isn't offset 30 times by the marketing advantage of being able to tout that you are insured.

That is crazy. It isn't even close to a wash.

[Dale Duffy]

Originally Posted by gromicko

No, what is crazy is thinking that the disadvantage of potentially attracting a client that wants to sue you solely because you carry insurance isn't offset 30 times by the marketing advantage of being able to tout that you are insured.

That is crazy. It isn't even close to a wash.

I am insured, why in gods name would anyone in their "right mind" brag they have a zero deductible?

That is beyond crazy, it's insane.

[James H. Bushart]

There is an advantage to a CMI under this program, compared to other insureds. He does not have to bite the bullet when his insurance company decides to settle a frivolous case. They are paying for it, not him...

The guy with the $1000 deductable is the one hurt when a frivolous claim is settled for $995.00. This is a benefit for CMIs who are already carrying the insurance, for sure.

[Russell Spriggs]

Sounds like a bull's eye getting painted on a CMI's back to advertise it - or even disclose it.

On the surface, it sounds like a great CMI bennie. I'll have to check if their rates have come down any. One would think that if insurance is an industry where you have lower payments with a higher deductible, that the reverse would also hold true.

I'm currently paying $1,885.06 a year for my $500k E&O, and I "front door" that with NACHI's ADRS system.

Even with a CMI designation, I look for the lowest cost with the intention of never getting tapped (That's why I preach to stay within our SOPs - it is the armor in our shield!).

Would Nigel consider a "meet or beat" pricing? Personally, I'd rather see a CMI discount that 0 deductible.

Maybe I'm just looking at this the wrong way, but it's the view from snow-covered Idaho . . .

[Nick Gromicko]

Same reason an inspector would tout that he is insured. It says that he is insurable and touts that his uninsured competitor isn't because he's uninsurable.

The reasons the benefit was granted to only the best (CMIs) creates a marketing opportunity in terms of touting how one qualifies for it.

[bkelly1]

Originally Posted by jonofrey

You'd have to be insane to advertise yourself in this manner. Don't get me wrong, working deals like these are good and I think y'all did great but.....

Strongly agree, that part was not thought through.

[Dale Duffy]

Originally Posted by jbushart

There is an advantage to a CMI under this program, compared to other insureds. He does not have to bite the bullet when his insurance company decides to settle a frivolous case. They are paying for it, not him...

The guy with the $1000 deductable is the one hurt when a frivolous claim is settled for $995.00. This is a benefit for CMIs who are already carrying the insurance, for sure.

Jim I got a quote from FREA before I renewed with Allen, they were $2000.00 higher, so what is the savings.

I have never heard of anyone who has FREA insurance that is paying a decent rate, just buying insurance from them is crazy enough without a deductible.

[Nick Gromicko]

The target that one wears on his front that says hire me, I'm insured and am a Certified Master Inspector that qualifies for zero deductible E&O is 30 times larger than the bullet one wears on his back that says sue me, I'm insured. That's a target we all wear anyway.

One must offset the price of the premiums.

[James H. Bushart]

Originally Posted by dduffy

Jim I got a quote from FREA before I renewed with Allen, they were $2000.00 higher, so what is the savings.

You're right.