Rob has compiled a standard list of suggestions that he sends back to contractors who need to find insurance for EIFS.
My Web site gets numerous inquiries each day about EIFS insurance issues. Over the last year or so I’ve dutifully answered so many help requests that I’ve compiled a standard list of suggestions that I send back to people. I’ve also received a lot of interesting feedback from contractors and insurance agents. This month’s column is a summary of those suggestions that hopefully will help you get insurance and stay insured.
First, insurance agents are often just that: agents. They usually represent one or several carriers and often have little control over their carrier’s policies. Agents say that contractors should carefully review their records and determine how many claims, if any, have been made against their policy. It’s possible that having no claims will help renew an old policy or obtain new insurance. Unfortunately, in some cases, the track record is not a factor, and the premiums are simply raised through the roof. Or worse, sometimes coverage for EIFS work is cancelled.