Home Inspectors Liability Insurance protects home inspectors in claims arising from allegations of wrongful acts, errors and omissions in residential real estate inspections.
Eligible Classes:
Virtually any individual residential home inspector or home inspection firm is considered. Even inspectors with no experience and new ventures.
ENHANCEMENTS:
Coverage can be expanded to include:
Premises liability insurance (claims-made or occurrence basis)
Radon inspections
Termite inspections
“Referral” protection, extending coverage to entities that commonly refer inspectors to customers, e.g., real estate brokers
PREMIUMS/LIMITS:
Minimum premium: $3,150 for a $1 million limit; lower limits are available at lower minimum premiums
Matching limits up to $1 million are available for premises liability
Sub-limits to $250,000 available for termite/pest inspections (subject to a $5,000 deductible)
Sub-limits to $100,000 available for radon inspections (subject to a $3,000 deductible)
UNDERWRITING REQUIREMENTS:
Completed & Signed Home Inspectors application
Loss history
Resumes for any inspector with less than three years of experience
