Posted by Shan_cali on 5/18/05 8:31pm
Msg #38880

Errors and Omission question

I am new to the world of notaries and have been reading the this board. I just received my commision and was looking into buying E&O insurance. I wanted to know why there is such a big difference in price between a $25,000 (4year) coverage and a $30,000 (4year) coverage? Here is the pricing for 4 year coverage for non from NNA:

$15,000 $57.00
$20,000 $72.00
$25,000 $87.00
$30,000 $297.00
$35,000 $357.00
$50,000 $447.00
$75,000 $507.00
$100,000 $585.00

I have also notice the price gap with other insurance companies as well. Is it possible to purchase two seperate $25,000 policies from the same company or one policy from NNA and another from another company? Any response would be appreciated. Thank you in advance.

Reply by laura_nh on 5/18/05 8:56pm
Msg #38895

I paid 25.00 for 25k of insurance with the NNA. for NH. does it depend on state?

Reply by laura_nh on 5/18/05 8:57pm
Msg #38896

that was for one year of insurance, too, now that i think of it.

Reply by MarleneM/USNA on 5/19/05 10:59am
Msg #38983

Re: Yes, depends on state, length of term, risk, etc. n/m

Reply by Shannon/Va on 5/18/05 10:23pm
Msg #38913

Wow, mine is for one year $1600 for 500,000.00. But I am a title examiner, processor and closer. SO maybe that's why

Reply by Polly_CA on 5/18/05 11:20pm
Msg #38923

You should purchase both your e&o and your bond through Notary Rotary its no where near as expensive as your quotes. Check it out on the home page.