Posted by Sharon Munday on 7/7/05 11:24am
Msg #50268

E & O insurance

Need to renew my policy... looking for another company to sign up other then suggestions from NNA. Any ideas? Thanks for your help!!

Reply by Teasa/NY on 7/7/05 12:09pm
Msg #50279

I am with Western Surety. $100,000 was around $560 for 3 years. I believe they are in Florida. You should be able to find on the internet. I don't have the stuff right in front of me.

Reply by Ernest_CT on 7/7/05 12:16pm
Msg #50286

Alas, Western Surety won't sell to us directly; we have to go through an agent.

Reply by Teasa/NY on 7/7/05 1:10pm
Msg #50306

I did not go thru an agent. My mentor turned me on to them and as far as I know he did not intercede in any way, just gave me a phone number. Since when is an agent required. I have (800) 821-0831, Tallahaaee, FL, Jack Diestelhorst, President or Yolanda Jackson, project manager. If Ernest is right it has changed from 2 years ago. Good luck.

Reply by Maria Elena on 7/7/05 3:41pm
Msg #50352

$560 ????????? I got mine for 1 year - $100,000 coverage for $60.00 at NNA with Western

Reply by Teasa/NY on 7/7/05 5:00pm
Msg #50372

Ok, I went back to my original letter and yes for coverage from 12/11/02 to 6/13/06 I paid $560 for $100,000. I was referred by a friend/mentor. Was I taken???

Reply by Kay / NV on 7/7/05 1:28pm
Msg #50310

The E & O through the NNA is written by Western Surety. I guess you can check who gives you the best price, NNA or an agent. Let us know how the prices differ if any.

Reply by WAF-CA on 7/7/05 5:45pm
Msg #50383

I am an insurance agent as well as a loan doc signer. FYI, the premium for the E&O will vary by state. Also, generally, you need to go through an agent--but Western Surety does make a program available to entities that would be able to write many bonds for them.

Reply by Teasa/NY on 7/7/05 8:19pm
Msg #50406

So possibly the variation in Mary Elenea's fee and mine has to do with the staes we are in. I am in NY don't know where she is. As usual everything in NY is expensive.

Reply by NY Notary on 7/7/05 8:34pm
Msg #50414

That is correct. NY has a higher rate per year than say Florida. So the cost varies from state to state.

Reply by Teasa/NY on 7/8/05 6:59am
Msg #50528

Thanks for that clarification.