PAN offers lower pricing on our $100,000 notary E&O coverage. With qualifying PAN education, a PAN member pays $3 per month for 48 months or $144. Without qualifying PAN education, a PAN member pays $5 per month for 48 months or $240. This is a savings of up to $216 on a four-year policy.
| 4-Year $100,000 Notary E&O | With PAN Education | Without PAN Education |
|---|---|---|
| 48 Month Premium Amount | $144 | $240 |
| Premium Amount Per Month | $3 | $5 |
Our insurance underwriter assesses the risk associated with providing notary E&O coverage and sets the premium accordingly. They have determined that notaries who have education are less likely to submit an E&O claim. With that lower risk comes a lower premium.
In order to get the lowest price, an individual needs to take PAN’s First Time Notary seminar, Notary Reappointment seminar, or PANcourse Online education in the six months prior to the policy being issued. No other education qualifies.
Only qualifying PAN education enables you to purchase this notary E&O policy at the $144 price. We cannot accept another vendor’s education.
To get the lowest notary E&O pricing, you need to take qualifying PAN education in the six months prior to the policy being issued. PAN’s $100,000 notary E&O policy is issued for a maximum of 48 months, so you would need to take education again, in the six months prior to a new policy being issued.
To get the lowest notary E&O pricing, you need to take qualifying PAN education in the six months prior to the policy being issued. Since your education was two years ago, you must take a qualifying PAN seminar or online training to get the lowest E&O price.
We can cancel your existing coverage ($30,000, $50,000 or $100,000) and issue a new $100,000 policy at the new price. If you have had qualifying PAN education in the last six months, you will get the lowest price of $3 per month for the number of months remaining on your notary commission. If you have not had qualifying PAN education in the last six months, you will pay $5 per month for the number of months remaining on your notary commission.
You do not have to return your old policy certificate. You may keep it.
Any refund that is due will be returned to the employer who paid for the $50,000 policy. You can cancel the $50,000 policy and purchase a new $100,000 policy but we cannot apply the refund that is due your former employer to your purchase of a new policy.