Which is the best E&O Insurance company

[Fernando]

With E&O, I HAVE to buy it every year. It covers past years appraisals. If I stop, I break that chain.

 

[Terrel L. Shields]

If I stop, I break that chain.

They might ask for a run ticket from the other insurer. They often will cover some part of it - or, the original carrier may be on the hook if you were covered during the time involved.

 

[Fernando]

They might ask for a run ticket from the other insurer. They often will cover some part of it - or, the original carrier may be on the hook if you were covered during the time involved.

Probably still need to buy it after retirement to cover past appraisals.

 

[Terrel L. Shields]

after retirement to cover past appraisals.

tail insurance is a one time thingy I believe.

 

[norapp]

I use Biberk.

 

[Zoe]

I like OREP. I'll tell you one thing. Their 14 hours of CE they give you with membership is no joke.

I guarantee you it took me longer than 14 hours to complete it online.

It is almost like if you can't pass these test, we don't want to give you E&O. LOL

There is no blowing through it. There is like a video every few pages that you have to watch. Many tests in the course.

Many of the videos are like 5 to 14 minutes each. Some are probably longer.

 

[sputnam]

For most appraisers... the ones who are careful in their work and are being professional... the answer is..... the cheapest one. A lot of us have E&O insurance only because our Clients require use to have it.

 

[Zoe]

For most appraisers... the ones who are careful in their work and are being professional... the answer is..... the cheapest one. A lot of us have E&O insurance only because our Clients require use to have it.

OREP gives you a different perspective there. Their classes are geared towards, USPAP, SOW, etc and to protect you as an independent appraiser.

 

[Zoe]

They give many examples on intended use and user throughout. Client. The list goes on.

 

[chad hampton]

Insurance is such a racket. As far as payback for somebody filing a claim against you, that effectively could end your ability to get insurance coverage and possibly hurt your income stream, I can think of several things that might work.