E & O Insurance

[Marko11]

A lender and or the AMC wants My E & O in the report, for years I have been told not to include the E & O, as long as it is on file with the AMC.
Seems like including it would give the homeowner a reason to file an unnecessary claim when the value does not meet their needs. AMC is refusing to pay unless I include it. Any thoughts, comments?

 

[JTip]

Ask your E&O company for their advice.

I don't include it.

 

[Mike Garrett RAA]

I have never included mine!

 

[Alsie35]

Included it on every single report I've done the past 12 years (as required by ALL of my clients).

 

[Fernando]

Some include most don't depending on client.
I stand by my values so I have no problem.

 

[Tom4value]

I include it if they want it. My E&O company does not recommend it but acknowledges that lenders will want it so they don’t prevent it.

 

[TMG]

Per most client requirements, I include a copy of my license and E&O in every report.

I don't see any danger, but I could be wrong. Most of the reviews I've ever done, had their E&O in the report as well

 

[Dublin ohio]

If someone is going to sue you. Them having a copy of your E & O is the last thing I would worry about.

 

[alebrewer]

What does it accomplish by not providing it? The client/AMC will have a copy on file anyway - from when you initially signed up/renewed your policy.

 

[Tom D]

as soon as you get a letter from an attorney, they will know your E&O. lenders have an attorney on staff, doesn't cost them any more to sue you. HUD has special agents, who carry guns. won't take long to inform your E&O. so the purpose of not showing your E&O is to make it how many hours longer for them to get it.