Comments on: Can You Afford Not to Protect Yourself Against Liability? http://blog.notary.org/2008/05/can-you-afford-not-to-protect-yourself-against-liability/ Fri, 08 Jul 2011 11:21:05 +0000 hourly 1 http://wordpress.org/?v=3.3 By: pan http://blog.notary.org/2008/05/can-you-afford-not-to-protect-yourself-against-liability/comment-page-1/#comment-15 pan Fri, 24 Oct 2008 13:17:21 +0000 http://blog.notary.org/?p=9#comment-15 Like any insurance coverage, you should estimate the likely expense of a claim, and insure yourself for something over that amount. As a signing agent, your exposure is probably higher than a notary's, since mortgages are often involved. A $50,000 or even $100,000 E&O policy would not be out of the question for you. As to typical charge, the days of $100-plus loan signings are past, except perhaps in certain markets. Some lenders are offering less than $45, but $60 to $100 is probably in the ballpark. Like any insurance coverage, you should estimate the likely expense of a claim, and insure yourself for something over that amount. As a signing agent, your exposure is probably higher than a notary’s, since mortgages are often involved. A $50,000 or even $100,000 E&O policy would not be out of the question for you.

As to typical charge, the days of $100-plus loan signings are past, except perhaps in certain markets. Some lenders are offering less than $45, but $60 to $100 is probably in the ballpark.

]]> By: pansa http://blog.notary.org/2008/05/can-you-afford-not-to-protect-yourself-against-liability/comment-page-1/#comment-14 pansa Thu, 23 Oct 2008 18:27:21 +0000 http://blog.notary.org/?p=9#comment-14 I am new to loan signings. What amount of E&O Insurance is recommended for Notary Signing Agents? Also, what is the typical charge for mobile loan signings? I am new to loan signings.

What amount of E&O Insurance is recommended for Notary Signing Agents?

Also, what is the typical charge for mobile loan signings?

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