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  1. #1
    John McKenna's Avatar
    John McKenna Guest

    Default $1000 E&O Is Here.

    I just bought mine. Do your homework.
    E&O For Inspectors

    Similar Threads:
    Last edited by John McKenna; 03-20-2008 at 09:23 PM.
    OREP Home Inspector E&O Insurance 2

  2. #2
    Join Date
    Mar 2007
    Location
    Dallas, Texas
    Posts
    4,112

    Default Re: $1000 E&O Is Here.

    John, the link won't work unless you are a member.

    Jim Luttrall
    www.MrInspector.net
    Dallas, Texas

  3. #3
    John McKenna's Avatar
    John McKenna Guest

    Default Re: $1000 E&O Is Here.

    Sorry about that... I fixed the above link and here it is again.

    http://texas-inspection.com/EO_Offering.pdf


  4. #4
    Kevin Healy's Avatar
    Kevin Healy Guest

    Default Re: $1000 E&O Is Here.

    John, I contacted James River Directly about their E&O program. See response below. It's possible the person responding is unaware of their products, but I'd check into it.

    Kevin Healy

    Mr. Healy,

    James River Insurance Company does not write Home Inspectors E&O. We do have a Professional Liability Division, however Home Inspectors is an excluded class.

    Iím sorry we are unable to help you with your risk.

    Thank you and have a good day.


  5. #5

    Default Re: $1000 E&O Is Here.

    Quote Originally Posted by Kevin Healy View Post
    John, I contacted James River Directly about their E&O program. See response below. It's possible the person responding is unaware of their products, but I'd check into it.

    Kevin Healy

    Mr. Healy,

    James River Insurance Company does not write Home Inspectors E&O. We do have a Professional Liability Division, however Home Inspectors is an excluded class.

    Iím sorry we are unable to help you with your risk.

    Thank you and have a good day.
    Kevin -

    I contacted them and got the same response. They had no clue about the program. But there is a program and there's a broker handling it out of MO I think.

    I don't see how this program will sustain those rates at the premiums they are collecting initially. Time will tell.

    Ben


  6. #6
    Join Date
    Mar 2007
    Location
    Spring Hill (Nashville), TN
    Posts
    5,827

    Default Re: $1000 E&O Is Here.

    This is suppose to be the contact person that is doing the home inspector E&O program with James River.

    Wally Glaser

    International Placement Services,Inc

    101 South Hanley Road,Suite 700

    StLouis,MO 63105

    Telephone 314-725-8394 Ext.278

    Fax 314-725-4317

    Cell 314-761-8480

    Email wglaser@ipsico.com

    Website International Placement Services, Inc.
    Proceed with CAUTION! Home inspectors have been burned before with home inspector insurance scams. Michael Nadow was the last one that bilked hundreds of thousands of dollars out of home inspectors a few years back.

    Check it all out, contact the the insurance company and not the agent to check and verify that it is legit.

    Scott Patterson, ACI
    Spring Hill, TN
    www.traceinspections.com

  7. #7
    Kevin Healy's Avatar
    Kevin Healy Guest

    Default Re: $1000 E&O Is Here.

    According to James River, this program is not yet available.


  8. #8

    Default Re: $1000 E&O Is Here.

    I got a copy of the application for that program. Quite detailed in terms of the information they require.


  9. #9
    Mike Boyett's Avatar
    Mike Boyett Guest

    Default Re: $1000 E&O Is Here.

    Quote Originally Posted by Kevin Healy View Post
    According to James River, this program is not yet available.
    I talked to Wally Glaser this afternoon. Rest assured, he has bound numerous people just this past week that met the qualifications. He is the only agent authorized to offer this policy in the US and he will work with the James River underwriter to ensure they are providing the correct information if someone calls. Again, James River does not offer this policy directly, you must go thru Wally Glaser to get it.


  10. #10

    Default Re: $1000 E&O Is Here.

    My only question is who is responsible for paying the claims??? Anyone have that information?


  11. #11
    Join Date
    Mar 2007
    Location
    Spring Hill (Nashville), TN
    Posts
    5,827

    Default Re: $1000 E&O Is Here.

    Quote Originally Posted by Mike Boyett View Post
    I talked to Wally Glaser this afternoon. Rest assured, he has bound numerous people just this past week that met the qualifications. He is the only agent authorized to offer this policy in the US and he will work with the James River underwriter to ensure they are providing the correct information if someone calls. Again, James River does not offer this policy directly, you must go thru Wally Glaser to get it.
    That might be all in good, but if the insurer does not even know about the program it does raise a few questions.

    Regardless if Wally is the only person in the country that is authorized to write this coverage you would think that James River would know if they even had agents writing coverage.

    Scott Patterson, ACI
    Spring Hill, TN
    www.traceinspections.com

  12. #12
    Join Date
    Mar 2007
    Location
    Succasunna NJ
    Posts
    573

    Default Re: $1000 E&O Is Here.

    If it sounds too good to be true, it probably isn't true

    Darren www.aboutthehouseinspections.com
    'Whizzing & pasting & pooting through the day (Ronnie helping Kenny helping burn his poots away!) (FZ)

  13. #13
    Join Date
    Mar 2007
    Location
    Oklahoma City
    Posts
    356

    Default Re: $1000 E&O Is Here.

    Has anyone done any further investigation into this company or purchased a policy? My renewal is due and I would like to see if any of you have checked into this more.

    If it weren't for lawyers, we would never need them.

  14. #14
    Join Date
    Oct 2003
    Location
    Rockwall Texas
    Posts
    4,517

    Default Re: $1000 E&O Is Here.

    I placed my coverage through Mr. Glaser and had no issues.

    They do require some extensive paper work to get the policy going but I'd expect any company to do so.

    They sent the necessary paper work to TREC for me, and about a week latter I received a insurance policy from the James River company.

    So far nothing but great service has been given to me.

    Rick


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