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What is a Home Inspection?
Expect More From Your Insurance Provider  XML
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Nathan
King
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Joined: 06/17/2014 09:32 PM EDT
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Location: Carmel, IN
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That's simple and cheap from a local insurance broker.

P. Nathan Thornberry
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Juan Jimenez
Seal Team 6
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Joined: 06/18/2014 08:53 PM EDT
Messages: 987
Location: Richmond, VA
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Nathan wrote:That's simple and cheap from a local insurance broker.


It was $500 for me. I wouldn't call that cheap.

http://www.ahouseonarock.com
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Nathan
King
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Joined: 06/17/2014 09:32 PM EDT
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Location: Carmel, IN
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$500 is the amount I was thinking! I consider it cheap insurance.

Seems like a low cost of admission to do 100-200 wints and dewints each year.

I think for the purpose of this thread though, considering InspectorPro is home inspection insurance exclusively, that they should consider offering a rider. It's a very common practice for home inspectors.

P. Nathan Thornberry
www.Nathan.tv
Take Your Career to the Next Level > https://youtu.be/hdBCJbl5byo
The #1 Vendor in Real Estate & Home Inspection
www.InspectionSuccess.net
www.RWSwarranty.com
www.InspectorServicesGroup.com
www.RecallChek.com
www.InspectorLab.com
www.InspectionSuperConference.com

Find a Certified Inspection Expert exclusively at www.InspectionCentral.net
Get your E&O Insurance at 20%+ off your current rates at www.RWSinsurance.com
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Juan Jimenez
Seal Team 6
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Joined: 06/18/2014 08:53 PM EDT
Messages: 987
Location: Richmond, VA
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My guy better get on it, or I'll switch to Will if he gets a rider.

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wcolton
Liger
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Joined: 07/01/2014 12:00 AM EDT
Messages: 16
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I'm with Nathan on this one.

Winterization is a General Liability exposure. In most cases it is better to provide the coverage by way of another policy. $500 is a minimum premium standard for many insurance companies and I believe winterization to be a greater General liability exposure than full Home Inspection.

The issue your E&O providers will run into with a rider is how that rider can be tied to E&O, which will increase your claim exposure.

Long story short, Winterization is best written separately. it is the most cost and coverage effective way of doing it.

I will work on finding a separate policy that is affordable, so that inspectors don't have to chase multiple sources for their needs.

Will Colton
Broker/Program Manager

InspectorPRO Insurance Program
Citadel Insurance Services

(801) 610-2713 (Direct)
(801) 610-2701 (Fax)
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