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Is Error and Omission insurance expensive?

April 26, 2017Error expensive Insurance omission

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Is Error and Omission insurance expensive?

1 Answer

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Yes. E&O insurance can cost a new home inspection licensee approximately $3,000 to $4,000 per year!! The only good news is that most claims against home inspectors occur in the first year of licensing. With no claims in the first year, future E&O insurance premium should be lower. There are various sources of E& O insurance as the state does not a master policy with any one insurer, so shop around.