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E & O Insurance- Help!

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Paulie

Thread Starter
Freshman Member
Joined
Feb 1, 2002
We are a small 2 man appraisal firm, and have been using the Hobb's Group for E & O the past 3 years. Our policy for $500k coverage has been
$785/yr. We just received our renewal notice only 2 weeks b/4 expires, and the premium has gone up approximately 35%? :evil: No, we haven't had any claims( fingers crossed). Anybody out there have similar experience and know of a better priced Insurance Policy?

Thanks, Paulie :x
 

mbrunson

Sophomore Member
Joined
Jan 29, 2002
Professional Status
Certified Residential Appraiser
State
Nevada
I suggest you call several commercial insurance companies locally. You may have a difficult time finding someone to write such a small policy, but if you know someone in the business it can really pay off. I had a friend give me a quote several years ago. I needed coverage as an apraiser and as a home inspector.

My buddy was able to get both companies written under one policy and save me over $1,500 a year. Plus all of my independant contractors are covered under the policy as long as the work was completed fgor my company.

Give it a try!!!

Mike
 
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