Texas E&O, 250K for $850

[escanlan]

At last nights North Texas NACHI meeting we had a visit from an Allstate Agent who spoke of E&O for Texas Inspectors. He did mention that one of his clients, a new Texas Inspector, just received his E&O quote from the underwriter he uses. The quote for a $250K policy was approximately $850. No in depth details were provided as he was trying to keep his presentation short (there were other vendors in line at the time).

Drop him a line and see what he can do for you. It would be interesting to see the quoted amounts.

Mr. Robert Dupuis
Agent, Allstate
1333 W. McDermott Dr., Suite 200
Allen, TX 75013
Phone 214-547-7222
Cell 903-271-2460
Fax 214-547-0061
email RobertDupuis@allstate.com

Let us know what you are quoted.

[John McKenna]

This is the same vendor I spoke to. Let us know what you find out.

[Richard W. Washington]

Is that one of those too good to be.....hope not!

[escanlan]

I spoke, at length, with Mr. Dupuis today and thoroughly enjoyed our discussion. I have my applications (E&O, GL and Bonding) and will complete them tomorrow. Applications are standard questions and nothing offensive or ridiculous. If the quotes come back as expected from our conversation then I will certainly be a very happy person!!

I am sure there will be features/coverage differences from other carriers but I just need the basics and it appears this will cover that. We shall see what the final picture is.

One other note to add. In addition to Inspections I offer other property services. I have checked with many carriers and none will write one GL policy to cover both aspects of my business. That means 2 X $$$ for GL coverage. I have been told that I can obtain 1 X $$$ coverage for GL. In other words I am not paying double for two separate GL policies.

We shall see how it pans out.

[Michael R. Boyett]

I'm going to be pleasantly & extremely surprised if that $850 premium turns out to be accurate.

[cbottger]

Originally Posted by mboyett

I'm going to be pleasantly & extremely surprised if that $850 premium turns out to be accurate.

Why were you not at the meeting were you not welcome

[John McKenna]

Originally Posted by cbottger

Why were you not at the meeting were you not welcome

We were laying in wait for him and had several people lined up
to for the big shoot out... but he never showed up.

We were all very relieved....

[Frank M. Carrio, CMI]

Originally Posted by escanlan

I spoke, at length, with Mr. Dupuis today and thoroughly enjoyed our discussion. I have my applications (E&O, GL and Bonding) and will complete them tomorrow. Applications are standard questions and nothing offensive or ridiculous. If the quotes come back as expected from our conversation then I will certainly be a very happy person!!

I am sure there will be features/coverage differences from other carriers but I just need the basics and it appears this will cover that. We shall see what the final picture is.

One other note to add. In addition to Inspections I offer other property services. I have checked with many carriers and none will write one GL policy to cover both aspects of my business. That means 2 X $$$ for GL coverage. I have been told that I can obtain 1 X $$$ coverage for GL. In other words I am not paying double for two separate GL policies.

We shall see how it pans out.

Please ask him if he covers New Hampshire!

[Michael R. Boyett]

Why were you not at the meeting were you not welcome

We were laying in wait for him and had several people lined up
to for the big shoot out... but he never showed up. We were all very relieved....

Can someone explain that exchange to me? I have no idea what that means.

[cbottger]

Originally Posted by mboyett

Can someone explain that exchange to me? I have no idea what that means.

Michael R. Boyett vbmenu_register("postmenu_261107", true);
Capital City Inspections
NACHI Member

User Name: mboyett
Location: Austin, TX
Posts: 1,982

Re: John McKenna, Valerie Green, Nick Gromicko, Ben Garrison... Dallas, Tues.
I'd hardly call 28-21 a 'trouncing'....that's kind of like saying Colorado trounced OU the week before...besides, what makes you think you would be welcome regardless of the score?

You have a very short memory I don't; I was waiting for a face to face

[Michael R. Boyett]

OH...Oh...oh...I got it. Well, I'll be in Shawnee over Thanksgiving. If need be I can defend mine and UT's honor at that time.

[escanlan]

Originally Posted by fcarrio

Please ask him if he covers New Hampshire!

Frank,

During our conversation I actually did speak to him about his capabilities out of the state of Texas. He has considered obtaining licenses in other states or at least affiliations in other states. At this time though he does quite a bit of business here in Texas and keeps busy. He has thought about expanding but not at the present time.

Wish the news was better.

[Greg Bell]

Hi Manny,

If he can't then maybe we can find out who the underwriter is so that we can have local agents inquire about it.

[cbottger]

Originally Posted by mboyett

OH...Oh...oh...I got it. Well, I'll be in Shawnee over Thanksgiving. If need be I can defend mine and UT's honor at that time.

Be to late by thanksgiving UT will be flushed down the drain by that time no honor to be had.

Sorry I did not meant to hi-jack this thread but could not resist
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[Nick Gromicko]

It doesn't indemnify agents, a selling point many inspectors exploit in an effort to recoup premiums.