Organization of Real Estate Professionals (OREP)

6760 University Ave, Suite #250, San Diego, CA 92115

Phone: (888) 347-5273 * Fax: (619) 704-0567 or (619) 269-3884

email: inspectors@orep.org * www.orep.org

David Brauner Calif. Lic. #0C89873

OREP-Organization of Real Estate Professionals Insurance Services, LLC

Calif. Insurance Lic. 0K99465

OREP Home Inspector Professional Liability

Errors & Omissions (E&O) & General Liability/Off-Premises Insurance Application

CLAIMS-MADE WARNING FOR APPLICATION

THIS APPLICATION IS FOR A CLAIMS-MADE AND REPORTED POLICY. SUBJECT TO ITS TERMS, THIS POLICY WILL APPLY ONLY TO CLAIMS FIRST MADE AGAINST THE INSUREDS AND REPORTED TO THE INSURER DURING THE POLICY PERIOD OR ANY EXTENDED REPORTING PERIOD THAT MAY APPLY. PLEASE READ THE POLICY CAREFULLY TO DETERMINE RIGHTS, DUTIES, COVERAGE & COVERAGE RESTRICTIONS.

Whenever used in this Application, the term "Applicant" shall mean the Named Insured, unless otherwise stated.

APPLICATION INSTRUCTIONS

OREP Program Minimum Premiums

State$100,000/$300,000 Limit$500,000/$500,000 Limit$1 Million / $1 Million Limit
TX$850$1,200$1,350
CA, FL, NJ, NY$1,200$1,400$1,550
All Other States$975$1,300$1,450

Minimum premiums noted above include a $1,500 deductible and are conditional on claims history, revenues, experience and other underwriting factors. Beginning inspectors welcome but may not qualify for premiums above. Not all inspectors will qualify for these rates. State surplus lines taxes and fees additional where applicable. Coverage package includes E&O/General Liability plus coverage for all these additional services FREE (see question 34). Proof of training/compentency required for certain coverages. Additional limits and deductibles available. Coverage is Non-Admitted. Financing Available. Prior Acts Included for qualified applicants.

Personal

Yes No

If "yes," please provide the full legal name of the franchisor:

Principal's/Applicant's Experience and Training


Less than 3 Years 3-6 Years 7 years+

Less than 3 Years 3-6 Years 7 years+

(?)Related industry experience includes experience in construction and building related professions, such as builders, contractors, general contractors, construction project managers, plumbers, carpenters, or electricians and/or Certificates of home inspector training from a recognized training program.


Is Applicant Licensed by all States in which they do business (where required): Yes No Not Required


American Society of Home Inspectors (ASHI)
International Association of Certified Home Inspectors (InterNACHI)
American Home Inspector Training (AHIT)
Other

Have not attended inspection training school

Financial

Please DO NOT LEAVE BLANK

If you are a new inspector, please include an estimate for next 12 months.

Previous Complete Calendar Year Estimate Next 12 Months
(New inspectors, please estimate.)
Revenue Total Number of Inspections Revenue Total Number of Inspections
Residential 1-4 units $ $
Residential over 4 units $ $
*Commercial $ $
Other (please explain) $ $
Total $ $

Commercial property means any building greater than a 4 family dwelling (up to 100,000 sq. ft. If you require coverage for commercial inspections greater than 100,000 sq. ft., please contact OREP (888) 347-5273.


Yes No

If yes, which type of bankruptcy? (Chapter 7, 11, 13)

Operations


Yes No

If "yes," please provide details:


Yes No

If yes, please explain:


Yes No

If yes please explain:


Yes No

Yes No

If "yes," please provide details:


Yes No

If yes please explain:


Yes No

If yes please explain:

Yes No

If yes, please explain (you may not qualify for coverage):

Yes No

(If yes, you are not eligible for coverage.)


Yes No
If Yes, please list licenses below: THIS POLICY PROVIDES COVERAGE FOR HOME INSPECTION SERVICES ONLY. Coverage does not apply to any repair or mitigation work. By submitting this application, applicant agrees that coverage does not apply to professional services other than home inspection and home inspection-related services. Please contact OREP with any questions. (888-347-5273 or inspectors@orep.org)

Risk Management


Yes No
A copy of your pre-inspection agreement must be on file prior to the issuance of your policy, please email it to inspectors@orep.org. Note: A signed Pre-Inspection Agreement is a Condition of Coverage.



Attorney Professional Association Training/School Franchisor Other


Yes No

(?) A Limitation of liability clause can reduce your premium.


Yes No

Yes No

**Membership in a professional association can reduce your premium.

None
Yes No

**A continuing education program can reduce your premium.

Yes No
Please check all that apply:
Software Paper/checklist Other
Yes No

If yes, please explain what processes and systems allow you to regularly perform three or more home inspections per day?

Staff/Additional Inspectors

Staff

(Including yourself/Applicant)

# Full Time # Part Time
# Home Inspectors
# Non-Inspectors

Employees
Please list all home inspectors, including the principal / primary home inspector.

Yes No
Independent Contractor Name

(Please include additional names on a separate sheet)

Does Inspector/IC have professional liability insurance coverage (E&O)?
Yes No
Yes No
Yes No

Please note: Coverage for independent contractors applies ONLY to Work Completed for the Company Named in Line One. All independent contractors must use the inspection agreement of the named insured as a condition of coverage.


Yes No

Insurance & Coverages Section


Yes No

If "No": Any policy issued will be effective no earlier than the date your agent receives your completed and signed application and premium payment.

If yes, a copy of your current policy declarations page showing your policy's retroactive date is required to receive prior acts coverage. Please email: inspectors@orep.org.


$1,000,000 Per Claim/ $1,000,000 Aggregate
$500,000 Per Claim/ $500,000 Aggregate
$100,000 Per Claim/ $300,000 Aggregate

Request a different Limit:

Standard deductible is $2,500. A $1,500 deductible will be automatically offered at no additional premium to applicants who qualify, based on experience, claims history and other underwriting.

Request quote with $5,000 deductible.

This E&O policy includes the following coverage endorsements built in to base policy:

  • General Liability-Off Premises Coverage
  • Referral Coverage / Blanket Additional Insured
  • Personal Injury
  • Loss of Earnings
  • Coverage for Civil, administrative or regulatory investigation against any "insured" commenced by the filing of a notice of charges, investigative order or similar document; or "disciplinary proceeding".

Additional Coverages listed below are included at no additional premium. Extra premium required for mold testing, septic and water testing (see below).

Note: Coverages below are included at No Additional Premium except where noted. Please check coverages/services you provide. Please forward to inspectors@orep.org your background, training, experience, certification or licensing with the services/tests selected.

Pool & Spa Inspection
Air Quality Testing
Infrared Thermal Inspections
Lead Paint Inspections
Exterior Insulation Finish Systems (EIFS) Inspections
Green Building Inspections
Wind Mitigation Inspections
Radon Inspection Endorsement
Termite/WDI Liability (Incidental Only)
Carbon Monoxide
Rodent Inspections
Energy Rating
Drone
Septic/Water Testing / Sewer Scoping (Adds 5% Premium)
Mold Testing (Adds 15% Premium)
Cyber Protection: I would like information on Cyber Coverage ($89 for $100,000 limits; $59 for $50,000 limits)

Loss History


Yes No

If "yes", please email a detailed description to inspectors@orep.org of such act, error or omission and an explanation of why to a claim may arise.


Yes No

If "yes" please email your loss-runs to inspectors@orep.org or complete the table below. Loss runs can be obtained from your current insurer.


Yes No

If "yes", please email a detailed description to inspectors@orep.org


Yes No

If yes, please explain:


Yes No

DECLARATIONS AND NOTICE

NOTICE TO APPLICANT


  • If any of the Applicants discover or become aware of any significant change in the condition of the Applicant's Organization between the date of this Application and the policy inception date, which would render the Application inaccurate or incomplete, notice of such change will be reported in writing to us immediately;
  • Any policy issued, will be in reliance upon the truthfulness of the information provided in this Application; provided, however, with respect to such information, no knowledge or information possessed by any Applicant shall be imputed to any other Applicants. If any person or persons knew as of the policy inception date that such information contained in the Application(s) was untrue, inaccurate or incomplete, then coverage may be denied or canceled if such information was material to issuance of the policy. However, if the Chairperson of the Board of Directors, President, Chief Executive Officer, or Executive Director of the Applicant knew as of the policy inception date that such information contained in the Application(s) was untrue, inaccurate or incomplete, then coverage may be denied or canceled if such information was material to issuance of the policy;
  • Statements in the Application, facts pertaining to or knowledge possessed by the individual signing the Application shall be imputed to the Applicant; and
  • The signing of this Application does not bind the undersigned to purchase insurance.





This Application must be signed by a representative of the Applicant acting as the authorized representative of the person(s) and entity(ies) proposed for this insurance.

Date

(Date)

Signature/Title

(Applicant/Principal)

Important Reminders

Please make sure all questions are answered on the application before you submit.

Please send the following to inspectors@orep.org:
  • 1. Pre-inspection Agreement
  • 2. Summary of experience, training, education, licensing and certification
  • 3. If you currently carry E&O, a copy of your existing Declarations Page for Prior Acts coverage.

Please send documents to inspectors@orep.org. Please call with any questions: 888-347-5273.
Produced By: Agency: OREP-Organization of Real Estate Professionals Insurance Services, LCC. Calif. Lic. #0K99465.

A POLICY CANNOT BE ISSUED UNLESS THE APPLICATION IS PROPERLY SIGNED AND DATED.

NOTICE TO ARIZONA AND MISSOURI APPLICANTS: Claim Expenses are Inside the Policy Limits. All claim expenses shall first be subtracted from the limit of liability, with the remainder, if any, being the amount available to pay for damages.

NOTICE TO ARKANSAS, LOUISIANA AND WEST VIRGINIA APPLICANTS: Any person who knowingly presents a false or fraudulent claim for payment of a loss or benefit or knowingly presents false information in an application for insurance is guilty of a crime and may be subject to fines and confinement in prison.

NOTICE TO COLORADO APPLICANTS: It is unlawful to knowingly provide false, incomplete, or misleading facts or information to an insurance company for the purpose of defrauding or attempting to defraud the company. Penalties may include imprisonment, fines, denial of insurance, and civil damages. Any insurance company or agent of an insurance company who knowingly provide false, incomplete, or misleading facts or information to a policy holder or claimant for the purpose of defrauding or attempting to defraud the policy holder or claimant with regard to a settlement or award payable from insurance proceeds shall be reported to the Colorado Division of Insurance within the Department of Regulatory Agencies.

NOTICE TO DISTRICT OF COLUMBIA APPLICANTS: Warning: It is a crime to provide false or misleading information to an insurer for the purpose of defrauding the insurer or any other person. Penalties include imprisonment and/or fines. In addition, an insurer may deny insurance benefits if false information materially related to a claim was provided by the applicant.

NOTICE TO FLORIDA APPLICANTS: Any person who knowingly and with intent to injure, defraud or deceive any insurer files a statement of claim or an application containing any false, incomplete, or misleading information is guilty of a felony of the third degree.

NOTICE TO HAWAII APPLICANTS: For your protection, Hawaii law requires you to be informed that presenting a fraudulent claim for payment of a loss or benefit is a crime punishable by fines or imprisonment, or both.

NOTICE TO IDAHO AND OKLAHOMA APPLICANTS: Any person who knowingly, and with intent to injure, defraud or deceive any insurer, makes any claim for the proceeds of an insurance policy containing any false, incomplete or misleading information is guilty of a felony.

NOTICE TO KENTUCKY APPLICANTS: Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance or statement of claim containing any materially false information, or conceals for the purpose of misleading information concerning any fact material thereto, commits a fraudulent insurance act, which is a crime.

NOTICE TO MAINE, TENNESSEE, VIRGINIA, AND WASHINGTON APPLICANTS: It is a crime to knowingly provide false, incomplete or misleading information to an insurance company for the purpose of defrauding the company. Penalties include imprisonment, fines and denial of insurance benefits.

NOTICE TO MARYLAND APPLICANTS: Any person who knowingly and willfully presents a false or fraudulent claim for payment of a loss or benefit or knowingly and willfully presents false information in an application for insurance is guilty of a crime and may be subject to fines and confinement in prison.

NOTICE TO MICHIGAN AND MINNESOTA APPLICANTS: Any person who knowingly and with intent to defraud an insurance company or another person files an application for insurance containing any materially false information, or conceals for the purpose of misleading information concerning any fact material thereto, commits a fraudulent act, which is a crime and subjects the person to criminal and civil penalties.

NOTICE TO NEW JERSEY APPLICANTS: Any person who knowingly includes any false or misleading information on an application for an insurance policy or files a statement of claim containing any false or misleading information is subject to criminal and civil penalties.

NOTICE TO NEW MEXICO AND RHODE ISLAND APPLICANTS: Any person who knowingly presents a false or fraudulent claim for payment of a loss or benefit or knowingly presents false information in an application for insurance is guilty of a crime and may be subject to civil fines and criminal penalties.

NOTICE TO OHIO APPLICANTS: Any person who, with intent to defraud or knowing that he is facilitating a fraud against an insurer, submits an application or files a claim containing a false or deceptive statement is guilty of insurance fraud.

NOTICE TO OREGON APPLICANTS: Any person who knowingly and with intent to defraud or solicit another to defraud any insurance company: (1) by submitting an application, or (2) by filing a claim containing a false statement as to any material fact, may be violating state law.

NOTICE TO PENNSYLVANIA APPLICANTS: Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance or statement of claim containing any materially false information, or conceals for the purpose of misleading, information concerning any fact material thereto commits a fraudulent insurance act, which is a crime and subjects such person to criminal and civil penalties.

NOTICE TO VERMONT APPLICANTS: Any person who knowingly presents a false statement in an application for insurance may be guilty of a criminal offense and subject to penalties under state law.