Pay per inspection E&O insurance. Voice your interest now.

[Nick Gromicko]

http://www.inspectapro.net/pdf/

[Joseph Hagarty, CMI]

Been there, Done that, not believable.....
Not likely to ever occur........


Surprise us...
with something realistic....

[Wade Williamson]

Do you have any names of companies that offer pay per inspection insurance in the US?

[TONY MUSCAT]

Sounds good


Tony Muscat
Inch By Inch Inspections

[acassady]

I use allen insurance where I pay around $600 for 10 inspections it has worked fine for me being a new inspector. It covers gerneral liability and E&O.

[Kenneth T. Loper]

Originally Posted by acassady

I use allen insurance where I pay around $600 for 10 inspections it has worked fine for me being a new inspector. It covers gerneral liability and E&O.

I would shop around,cheaper to get it for the year.

[TONY MUSCAT]

Nick are you working on getting pay per use in Canada ?
thanks
Tony

[Darren Spencer]

Originally Posted by acassady

I use allen insurance where I pay around $600 for 10 inspections it has worked fine for me being a new inspector. It covers gerneral liability and E&O.

I should start an insurance Co.. $600 for 10?! C-R-A-Z-Y
State Farm $1,600.00 per year!

[Claude Lawrenson]

I agree the $600/10 inspections is too high. Some companies are offering experienced inspectors such as RHI's in Canada and National Certificate Holders starting at approximately $1600 per year.

[James H. Bushart]

Consider this.....

Many proponents of home inspection laws want to mandate E&O. Why? It is an extra added expense designed to keep the part time and/or rural area inspector who might be doing 15 -20 inspection per year out of the competition.

Pay as you go allows him to stay in the game.

[Claude Lawrenson]

Are those the same proponents of associations requiring mandatory E&O?
Hmm....

[Mike G. Howard, CMI]

Originally Posted by clawrenson

I agree the $600/10 inspections is too high. Some companies are offering experienced inspectors such as RHI's in Canada and National Certificate Holders starting at approximately $1600 per year.

Are you trying to spin this one too Claude? Give it a rest.

[wschreiber]

What is the largest claim ever awarded to someone suing a home inspector for an error on an inspection?

Do we really need two million dollars of insurance to inspect a house that's only worth two-hundred thousand?

[James H. Bushart]

Originally Posted by clawrenson

Are those the same proponents of associations requiring mandatory E&O?
Hmm....

The scammers lie to the public, claiming that "E&O protects the consumer".

Have you perpetuated this lie, too?

[wblakey]

Originally Posted by wschreiber

What is the largest claim ever awarded to someone suing a home inspector for an error on an inspection?

Do we really need two million dollars of insurance to inspect a house that's only worth two-hundred thousand?

My thoughts exactly - but it is incredibly difficult to get real information as to past claims, to back up what seems a common sense concept.

I think it should be mandatory to carry General Liability (to protect yourself if you happen to do something stupid like drop your ladder through a window.) But E&O is way overblown. I have always had E&O insurance, but for many years I carried the absolute minimum. Only since BC licensing came in I now have to carry $1,000,000 minimum - dumb!