Is there anything you want a deal or discount on? I'll try to get us one.

[Nick Gromicko]

Anything at all.

[rwand1]

Yes a tall willowy blonde .... with a nice car and big bank account to keep in the livestyle I have become acustom to!

[jburk2]

An asian lady of no more than 20 yrs in age, is very flexible, has access to concert tickets, a foul mouth, and likes a good spanking. Who also can whip up a damn fine general Tsao's chicken. That would be sweet.

Is that possible.

[Emmanuel J. Scanlan]

Yes, how about some truly affordable E&O insurance??

It is interesting that an RE Agents office can obtain 1M/1M coverage for each Agent in their office (not much limit on the number of Agents covered) for under $1000 a year TOTAL!! Yet as an Inspector the best we can hope for with that range is $3000+.

Another interesting point is the Underwriters will tell you that Inspectors are a high risk. Not sure about any other state but if you check the stats for Texas there is an average of 8 disciplinary actions against Inspectors each year. Each month of that same year there are at least 10 - 15 serious charges against RE Agents. How did we become such a heavy liability as compared to Agents????

[Jason A. Sieg, CMI]

Originally Posted by escanlan

Yes, how about some truly affordable E&O insurance??

It is interesting that an RE Agents office can obtain 1M/1M coverage for each Agent in their office (not much limit on the number of Agents covered) for under $1000 a year TOTAL!! Yet as an Inspector the best we can hope for with that range is $3000+.

Another interesting point is the Underwriters will tell you that Inspectors are a high risk. Not sure about any other state but if you check the stats for Texas there is an average of 8 disciplinary actions against Inspectors each year. Each month of that same year there are at least 10 - 15 serious charges against RE Agents. How did we become such a heavy liability as compared to Agents????

I can agree with that... We can use some really affordable E&O Insurance.

We can also use affordable Medical insurance.

[jburk2]

Originally Posted by escanlan

Yes, how about some truly affordable E&O insurance??

It is interesting that an RE Agents office can obtain 1M/1M coverage for each Agent in their office (not much limit on the number of Agents covered) for under $1000 a year TOTAL!! Yet as an Inspector the best we can hope for with that range is $3000+.

Another interesting point is the Underwriters will tell you that Inspectors are a high risk. Not sure about any other state but if you check the stats for Texas there is an average of 8 disciplinary actions against Inspectors each year. Each month of that same year there are at least 10 - 15 serious charges against RE Agents. How did we become such a heavy liability as compared to Agents????

In all seriousness, this is an excellent post.

I couldn't agree more.

[Joe Funderburk, CMI]

Medical insurance.

[Richard L. Bennett]

IR equipment - still too high for most markets - quality nothing to brag about

E & O insurance based on $$ income # of inspections so that cost is not so high for the new kid or the part timer

Poo-ie suites -- $4.00 is too much

Remote video equipment for attics and craw spaces in the $200 area

Better deals on test equipment. -- Trust me I know what it takes to build this junk -- just because it is for our industry we are being taken to the cleaners

OR lets get some people together to adapt some off the shelf radio shack stuff - % of moisture is just resistance and or capacitance


rlb

[Nick Gromicko]

http://www.nachi.org/eo.htm

Slowly becoming available in all states and Canada.

[Russell Spriggs]

NACHI's E&O saves me over 6 years' of membership dues per year, alone.

I had been paying about 3k for 250,000 E&O w/2500 deductible.

This year, I went with NACHI's ADRS system as a first line of defense, then followed by NACHI's E&O, which runs me $1,800 a year for $500,000k and a 5000 deductible.

Savings: $1200.00 a year.
Slam-Dunk, NACHI Rocks!

[Joseph Hagarty, CMI]

Originally Posted by jfunderburk

Medical insurance.

Ditto....

[sboyd2]

Work with me here Nick. South Carolina does not have the E & O deal yet. Mine is up in August. I'm stuck with FREA for $3295.00. Way too high.
Thanks man.

[John Bowman]

A NACHI Credit Union....????

[Emmanuel J. Scanlan]

Nick G. wrote

http://www.nachi.org/eo.htm

Slowly becoming available in all states and Canada.

I've attached my Towers and Perrin quote below for 1M/1M and $2500 deductible. Where's the big discount? Let's not forget that does not include the Texas taxes and fees which have not been added, which are not cheap either. As I said above $3000+!

Premium Estimation
Base Rate:
$3,000
Premises Liability:
$500
AD&D:
$149
Terrorism:
$31
Sub-Total:
$3,680
NACHI Discount:
$525


Final Estimation:
$3,155 Premium

Please Note: This estimate does not include excess and surplus lines taxes and fees which may be required by your state. If such taxes are required, your final quote/binder will include these costs. Full payment is due within 30 days. A non-refundable minimum premium of 25% (plus taxes or fees, if any) is earned upon binding, even if you subsequently choose to cancel the policy.

[ntoll]

Originally Posted by gromicko

http://www.nachi.org/eo.htm

Slowly becoming available in all states and Canada.

Don't get me started on Towers Perrin. I am way too angry right now and only have a week to fix it.