What insurance company do you use? - REO Property Preservation Forum
 
LinkBack Thread Tools Display Modes
post #1 of 4 (permalink) Old 04-15-2019, 03:22 PM Thread Starter
Junior Member
 
TargutMarketing's Avatar
 
Join Date: Apr 2019
Posts: 2
Thanks: 0
Thanked 0 Times in 0 Posts
Question What insurance company do you use?

I'm looking to subcontract under Xome. They are requiring the following:

i) Commercial General Liability Insurance with a combined single limit of not less than $1,000,000
per occurrence and $2,000,000 aggregate; using ISO form CG 00 00 01 or equivalent language,
including Premises-Operations, Products-Completed Operations and Contractual Liability.
Coverage restrictions relating to Residential work will not be accepted. Satisfaction of this
requirement must be confirmed within the comments section of the ACCORD certificate.
ii) Workers’ Compensation Insurance and employer’s liability coverage of at least $1,000,000 per
occurrence;
iii) Commercial Automobile Liability Insurance, in the event a motor vehicle is to be used in
Vendors performance of Services, covering liability arising out of any auto (owned, hired and
non-owned) with a combined single limit of no less than $1,000,000;
iv) Errors and Omissions/Professional Liability Insurance (extending such coverage to the services
contemplated by this Agreement) with $1,000,000 limit of liability (on claims made basis). The
policy Retro Date will be no later than the first date on which services will be supplied under
the MSA.
Are there any insurance companies that specialize in this field of work? Should I price shop or 'go with the best'? There seems to be some confusion when I call them asking about E&O for this line of work. I guess they don't get this question often.

TIA!
TargutMarketing is offline  
Sponsored Links
Advertisement
 
post #2 of 4 (permalink) Old Yesterday, 03:05 PM
Junior Member
 
Join Date: Jun 2016
Posts: 11
Thanks: 1
Thanked 1 Time in 1 Post
try York Jersey 732-842-2012
wildwest1 is offline  
post #3 of 4 (permalink) Old Today, 09:00 AM
DAMAGE RESTORATION
 
D.R.S.'s Avatar
 
Join Date: Oct 2018
Location: The great PNW
Posts: 19
Thanks: 10
Thanked 2 Times in 1 Post
call around.......ask if they have GL / E&O preservation package, some will say "HUHhhhhhh??? what? why? ummmmmm....." others will say "yup sure do, what nationals do you intend on working with" ..... some will be WAY over priced so shop around

Damage Restoration Services, LLC
D.R.S. is online now  
Sponsored Links
Advertisement
 
post #4 of 4 (permalink) Old Today, 01:14 PM
DAMAGE RESTORATION
 
D.R.S.'s Avatar
 
Join Date: Oct 2018
Location: The great PNW
Posts: 19
Thanks: 10
Thanked 2 Times in 1 Post
just looked, i use gaslamp insurance out of California, my 2M GL / E&O costs $115 a month. i called and asked "do you do GL/E&O packages?" he replied with "Inspections or preservation?" .... AND i haven't come across a company that wont accept it yet... hope this info helps!!!!

Damage Restoration Services, LLC
D.R.S. is online now  
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the REO Property Preservation Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in













Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome