I'd like to hear some feedback as well since my E&O is coming up for renewal in April.
Last year I waited until the last minute to make a decision, and I think that I paid too much to the company that I had been using because I didn't make the time to shop around. They had upped the premium by about $200 from the prior year for no apparent reason, but I sucked it up just to get it out of the way quickly.
Someone in this forum once said that you only find out how good your E&O insurer is if you get sued and need them.
Any comments good or bad?
I agree with Mike & Blue 1. LIA - Liability Insurance Administrators has been very responsive to my requests for information in writing a "CYA- Limiting Appraiser's Liability Exposure seminar".
If you are doing reviews, make sure they cover them - some consider it consulting and require a Real Estate Broker's coverage. Also ask whether the poliy is on a "claims made" basis, which it probably is. Have them explain fully what that means.
If you have any contracts with a "Hold Harmnless" clause, make sure they cover that also. They probably won't.
Give INTERCORP, INC. a call. They are very friendly, fast, and helpful! Ask for Diane Beans, she will give you honest answers to any questions you may have! Their rates are one of the most resonable around. Call 800-640-7601 or visit the web site at www.intercorpinc.net