Posted by Orlando Alfonso on 8/13/10 1:32pm
Msg #348845

E & O insurance

Can anyone give me a clue as too how much I need?

Reply by Jason Berger on 8/13/10 2:46pm
Msg #348859

It depends on the state and a lot of companies. I would take $100K, as many companies require that before they will work with you. It's $104 usually for $100K. Best of luck.

Reply by kathy/ca on 8/13/10 3:48pm
Msg #348869

Jason, where do you get 100k E & O for $104???? n/m

Reply by Shoshana/AZ on 8/13/10 3:50pm
Msg #348871

That's probably for one year.

You can get that anywhere.

Reply by kathy/ca on 8/13/10 10:10pm
Msg #348913

Cant get it for $104 in CA, everything is higher in CA!!!! n/m

Reply by Alz on 8/14/10 11:59am
Msg #348948

Eight years ago I paid

$170 for $100,000 worth of E &O, which covered four years. Much has changed.....

Reply by Linda_H/FL on 8/13/10 5:39pm
Msg #348885

One year in NJ...$104....4 yrs $416....right here n/m

Reply by Jason Berger on 8/13/10 5:50pm
Msg #348888

Re: One year in NJ...$104....4 yrs $416....right here

Correct, I let it lapse because when I became a notary, I couldn't afford the 4 or 5 year plan, whatever was offered. Unfortunately for me, being in NJ, apparently business is super slow and the one regular guy I work with has an incredibly hard time paying in a timely fashion, so I don't bother going for several years...I also ONLY work with Real Estate Transactions, I don't do the simple 'cash' notarizations as I've seen them called, and seeing as that's slow, paying $400+ for E&O that I probably won't use was useless, we'll see. How's business in other states, if anyone is still reading this...

Reply by MW/VA on 8/13/10 9:33pm
Msg #348912

Re: One year in NJ...$104....4 yrs $416....right here

I pay the same rate here in VA. I also only purchase one year at a time.

Reply by LMS on 8/13/10 11:17pm
Msg #348922

Re: One year in NJ...$104....4 yrs $416....right here

Looks like Ca is $156 for $100,000 from NotRot...