TOPIC: inspection question

Oh I'm just saying that your more prone to make mistakes when your new.  I know I make mistakes, luckily they aren't big ones.  But I learn and move on!

And whats wrong with flippin burgers at McDonald's?  Oh never mind I can't even argue against that one.    :-X  LMAO

Quick story.

Local inspector had no E&O. Inspected a home for an agent who was BUYING the home (always be careful on these ones). He missed the fact the house was built partially on an old river bed and part of the pilings holding it up had been severely damaged. He's not making payments to the agent monthly for his $30,000 mistake. If he had the E&O he'd just be out the $5,000 (or whatever your plan has) deductible. This guy had been inspecting over 10 years too.

Ouch.....  I don't know that I would want to inspect a house a Realtor was buying.  I would think they would nit pick you to death.

I'm new to the business and I just picked up E&O it was more than I thought it would be, but they based it on the fact that I was new to Home Inspections.

It sounds like the realator knew about the problem and was waiting for the inspector not to realize there was a problem and then proceed to make them pay!

Anthony, did you have trouble finding your E&O? 

One of the biggest problems I've been running into is that I've been doing this less than three years.  I had that same problem getting my general liability insurance too.  My saving grace is that I own rental property and have had that business for about five years.

Not really, I just called a bunch of insurence companies including the one I use for my house and cars. A few said they don't offer anything as far as E&O, Nationwide was really the only one, my agent told me the had to get it from another company who subs from them. When I joined ASHI they sent me a nice packet of information and there were some flyers and advertsements for insurence companies. They were quoting me a minimum of $2500. Nationwide quoted me close to $2000.00 for GL and E&O, less tax, stamping and filing fees (go figure they want your business but charge you for stupid things) which bumped it up to $2400.00. She also assured me that with experience the rates would drop. The GL she had for me instantly with 1,000,000.00 across the board that was about 200.00 per year. I dropped it to 500,000.00 which came to 165.00 per year.