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03-20-2008, 01:07 PM
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Member
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Join Date: Mar 2007
Location: East Texas
Posts: 90
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$1000 E&O Is Here.
I just bought mine. Do your homework.
E&O For Inspectors
Last edited by John McKenna : 03-20-2008 at 10:23 PM.
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03-20-2008, 01:43 PM
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Member
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Join Date: Mar 2007
Location: Dallas, Texas
Posts: 1,579
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Re: $1000 E&O Is Here.
John, the link won't work unless you are a member.
__________________
Jim Luttrall
Mr. Inspector.net, Inc.
Allen, Texas 75002
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03-24-2008, 10:46 AM
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Member
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Join Date: Mar 2007
Location: San Francisco, CA
Posts: 18
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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.
I’m sorry we are unable to help you with your risk.
Thank you and have a good day.
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03-24-2008, 12:15 PM
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Member
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Join Date: Mar 2007
Posts: 65
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Re: $1000 E&O Is Here.
Originally Posted by Kevin Healy
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.
I’m 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 |
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03-24-2008, 02:09 PM
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Member
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Join Date: Mar 2007
Location: Spring Hill (Nashville), TN
Posts: 1,751
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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.
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. |
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03-24-2008, 03:04 PM
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Member
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Join Date: Mar 2007
Location: San Francisco, CA
Posts: 18
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Re: $1000 E&O Is Here.
According to James River, this program is not yet available.
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03-24-2008, 03:36 PM
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Member
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Join Date: Mar 2007
Posts: 65
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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.
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03-24-2008, 03:51 PM
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Member
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Join Date: Mar 2007
Location: Austin, TX
Posts: 48
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Re: $1000 E&O Is Here.
Originally Posted by Kevin Healy
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. |
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03-24-2008, 04:08 PM
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Member
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Join Date: Mar 2007
Posts: 65
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Re: $1000 E&O Is Here.
My only question is who is responsible for paying the claims??? Anyone have that information?
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03-24-2008, 05:17 PM
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Member
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Join Date: Mar 2007
Location: Spring Hill (Nashville), TN
Posts: 1,751
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Re: $1000 E&O Is Here.
Originally Posted by Mike Boyett
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. |
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03-24-2008, 05:27 PM
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Member
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Join Date: Mar 2007
Location: Succasunna NJ
Posts: 144
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Re: $1000 E&O Is Here.
If it sounds too good to be true, it probably isn't true
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05-27-2008, 09:15 AM
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Member
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Join Date: Mar 2007
Location: Oklahoma City
Posts: 105
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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.
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05-27-2008, 12:45 PM
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Member
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Join Date: Oct 2003
Location: Rockwall Texas
Posts: 2,396
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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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