DonTx Posted February 11, 2007 Report Share Posted February 11, 2007 Can someone answer this question? Will E&O Insurance Companies issue a policy without having a binding arbitration clause in your pre-inspection agreement? Thanks, Quote Link to comment Share on other sites More sharing options...
Jim Katen Posted February 11, 2007 Report Share Posted February 11, 2007 Originally posted by Donald Lawson Can someone answer this question? Will E&O Insurance Companies issue a policy without having a binding arbitration clause in your pre-inspection agreement? Thanks, I've been with FREA for many years and I've never had a binding arbitration clause in my contract. I dislike binding arbitration. - Jim Katen, Oregon Quote Link to comment Share on other sites More sharing options...
Scottpat Posted February 12, 2007 Report Share Posted February 12, 2007 I think they want it, but I'm not so sure they can really require it. I have FREA as well, and I seem to recall that they want it in your contract. I took it out of my contract a few years back at the advice of a Judge and an attorney. It will not hold up in many states. I have never seen it written in an E&O policy, I have only seen it in publications on what they want in your contract. Quote Link to comment Share on other sites More sharing options...
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