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  #1  
Old 1/30/13, 3:47 PM
John Allingham John Allingham is offline
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Join Date: Jun 2004
Location: Milton, ON
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Default HUB Insurance

I just got my renewal notice and was shocked to see that my premium had gone up by almost $400. Has anyone else checked into this?
If not I'll get in touch with HUB.
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  #2  
Old 1/30/13, 3:55 PM
Yuri Olhovsky, CMI's Avatar
Yuri Olhovsky, CMI Yuri Olhovsky, CMI is offline
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Join Date: Jul 2004
Location: Richmond Hill, ON
Posts: 1,287
Default Re: HUB Insurance

Same thing here. I already contacted them. But there is little choice unless you can find someone cheaper. Good luck!



"Honesty is a very expensive gift. Don't expect it from cheap people" - Warren Buffett


Yuri Olhovsky NHI, CEA, RASDT
Snell IR Level I Thermographer
Richmond Hill, ON Canada
NACHI ID 04070207
www.homeinspections4u.biz
www.homeinspections-toronto.com
www.homeenergytoronto.ca
416-909-6467
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  #3  
Old 1/30/13, 4:07 PM
Greg W. Mathias, CCHI, CMI's Avatar
Greg W. Mathias, CCHI, CMI Greg W. Mathias, CCHI, CMI is offline
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Location: Lloydminster,Ab
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Default Re: HUB Insurance

I called as well. Have not had a response yet.



Greg Mathias, CCHI
Journeyman Carpenter
Level I Thermographer
Certified Master Inspector
Global Property Inspections
(780)205-9912
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  #4  
Old 1/30/13, 4:28 PM
Gilles Larin Gilles Larin is online now
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Join Date: Aug 2008
Location: Brossard Qc
Posts: 1,011
Default Re: HUB Insurance

One of my colleagues from Quebec received his renewal and the premium seems to have doubled, all with NO claim!!! I'm expecting an answer from HUB....

This IS a golden opportunity for newer brokers/carriers to show us their capabilities.



Gilles R. Larin,
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Last edited by glarin; 1/30/13 at 4:42 PM..
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  #5  
Old 1/30/13, 5:11 PM
Douglas Cossar, CMI. NHI's Avatar
Douglas Cossar, CMI. NHI Douglas Cossar, CMI. NHI is online now
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Join Date: Feb 2005
Location: Whitby, On
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Default Re: HUB Insurance

Quote:
Originally Posted by glarin View Post
This IS a golden opportunity for newer brokers/carriers to show us their capabilities.
Not going to happen.

This is why I am dead set against the Province requiring E&O its nothing more that a cash grab!

Agents pay $200-$300. Why do we pay 10 times that, and earn the least amount of money in any real estate transaction to boot?
Go figure

cheers



Doug Cossar
InterNachi Lifetime Member
Certified Master Inspector
National Home Inspector NHICC00503
905-213 7739
Retired and living the dream!
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  #6  
Old 1/30/13, 6:32 PM
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smcrae smcrae is offline
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Location: Goderich, ON
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Default Re: HUB Insurance

Yep, mine went up too.
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  #7  
Old 1/30/13, 10:29 PM
Scott May, CMI CCHI's Avatar
Scott May, CMI CCHI Scott May, CMI CCHI is offline
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Join Date: Apr 2010
Location: Belwood Ontario N0B1J0
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Default Re: HUB Insurance

This seems to be an ongoing issue...for sure we are going to bring it up with the government over the licensing issue. Insurance companies should be reducing the amount of cost instead of increasing based on claims!!
I have talked to enough Hommies none admitted to having had a claim so why the increase...the insurance companies need to be accountable.
Doug you are 100% right why agents pay for a year what we pay in a month $$$
Numbers game I am told ..more REA's in CREA so less per realtor, more realtors then hommies represented by one association! This Gov't needs to wake up, they want a better product for the people, well you can't _ _ _ _ and _ _ _ _ at the same time!
JMO



Try not to become a man of success but rather to become a man of value!


Any information posted by me on this site should be considered as a personal opinion, belief or assumption and cannot be attributable by way of association to any other company, person or agency.



Serving: Acton, Burlington, Brampton, Cambridge, Durham, Erin, Guelph, Georgetown, Hamilton, Kitchener, Mississauga, Oakville, Waterloo
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  #8  
Old 1/30/13, 11:33 PM
Yuri Olhovsky, CMI's Avatar
Yuri Olhovsky, CMI Yuri Olhovsky, CMI is offline
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Join Date: Jul 2004
Location: Richmond Hill, ON
Posts: 1,287
Default Re: HUB Insurance

Quote:
Originally Posted by glarin View Post

This IS a golden opportunity for newer brokers/carriers to show us their capabilities.
Problem is that there are no new brokers/carriers for E&O but the existing ones do not want to insure home inspectors. That is why those that do just increase their rates putting you at no choice: pay what they want or get no coverage.



"Honesty is a very expensive gift. Don't expect it from cheap people" - Warren Buffett


Yuri Olhovsky NHI, CEA, RASDT
Snell IR Level I Thermographer
Richmond Hill, ON Canada
NACHI ID 04070207
www.homeinspections4u.biz
www.homeinspections-toronto.com
www.homeenergytoronto.ca
416-909-6467
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  #9  
Old 1/31/13, 7:37 AM
Stuart Harrison, P. Eng. Stuart Harrison, P. Eng. is offline
Certified Professional Inspector (CPI)
 
Join Date: Aug 2012
Location: Burlington, ON
Posts: 219
Default Re: HUB Insurance

Has anyone looked into lockton affinity--Joe Ferry's recommended carrier--curious if they do canadian guys. At one point there was another guy besides HUB--now just hub?



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  #10  
Old 1/31/13, 8:55 AM
Roy D. Cooke, Sr's Avatar
Roy D. Cooke, Sr Roy D. Cooke, Sr is offline
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Join Date: Aug 2003
Location: Brighton, ON
Posts: 25,543
Default Re: HUB Insurance

Gee guys looks like many of you have not been reading what the more experience Home Inspectors have been saying for years.
Insurance is for the inspector and not the public.
They have all been saying advertising E&O insurance is just putting a big bulls eye on you back .
Some of these problems are self inflicted .
Sorry get mad but you tend to reap what you sew .
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  #11  
Old 1/31/13, 10:34 AM
Douglas Cossar, CMI. NHI's Avatar
Douglas Cossar, CMI. NHI Douglas Cossar, CMI. NHI is online now
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Location: Whitby, On
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Default Re: HUB Insurance

Quote:
Originally Posted by rcooke View Post
Insurance is for the inspector and not the public.
exactly!!!

cheers



Doug Cossar
InterNachi Lifetime Member
Certified Master Inspector
National Home Inspector NHICC00503
905-213 7739
Retired and living the dream!
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  #12  
Old 1/31/13, 1:48 PM
kwood kwood is offline
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Default Re: HUB Insurance

Scott was not a special deal set up by HUB for OntarioAchi.ca members? I did get conformation from Kim Smith.
I believe it works out to approximately 10% however it applies to three designations. RHI, CMI's or NHI Inspectors.

Last edited by kwood; 1/31/13 at 1:59 PM..
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  #13  
Old 1/31/13, 2:01 PM
Chris Walsh, CMI's Avatar
Chris Walsh, CMI Chris Walsh, CMI is online now
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Join Date: Feb 2012
Location: Bracebridge, Ontario.
Posts: 1,259
Default Re: HUB Insurance

Quote:
Originally Posted by sharrison1 View Post
Has anyone looked into lockton affinity--Joe Ferry's recommended carrier--curious if they do canadian guys. At one point there was another guy besides HUB--now just hub?
Lockton-Affinity doesn't offer it in Ontario.




Chris Walsh
Bracebridge, Ontario.
(705) 646-3838
www.muskokahomeinspector.com
cwalsh@vianet.ca

Any information posted by me on this site should be considered as a personal opinion, belief or assumption and cannot be attributable by way of association to any other company, person or agency.
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  #14  
Old 2/1/13, 6:17 AM
Stephan Tremblay, CMI's Avatar
Stephan Tremblay, CMI Stephan Tremblay, CMI is offline
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Join Date: May 2012
Location: Ontario, Canada
Posts: 865
Default Re: HUB Insurance

Email every insurance company in your phone book, tell them how much of a monopoly HUB has on the market. Let them all create insurance programs for inspectors and undercut eachother until the cows come home. Screw them.
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  #15  
Old 2/1/13, 8:13 AM
aspisak aspisak is offline
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Location: Burlington, ON
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Default Re: HUB Insurance

Try FREA
FREA & NDC Office:
2645 Financial Court (Suite A)
San Diego, CA 92117
FREA Main Phone: 800.882.4410
NDC Main Phone: 800.964.2374
Office Hours:
8:00 a.m.-5:00 p.m. PST Mon-Thurs
8:00 a.m.-4:00 p.m. PST Fri

When I had a big increase I went to them for a few years at a decent price. They cover Canadian inspectors too!
https://www.frea.com/members/home-inspectors

good luck - Allan
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