Does you home inspector's insurance help protect buyers and real estate agents AFTER an inspection is completed?
Your home inspector may tell you he is "licensed and insured" but what does that mean and will it really protect you?
Florida Statutes state that a home inspector shall maintain a commercial general liability insurance policy, but does not require a home inspector to carry E&O insurance.
General liability insurance handles cases where an inspector accidentally damages property or causes bodily harm while on the inspection, but what about what happens after the inspection? What happens if the inspector makes a mistake and misses something that a buyer finds after they move into the home? Errors and Omissions insurance is designed for just this situation.
Inspectors are human and mistakes can happen. If an inspector inadvertently misses or simply fails to report an issue that later leads to property damage or bodily injury, E&O insurance helps cover these damages. General Liability insurance does not.
Hope Home Inspections not only carries both GL and E&O coverage, we go even a step further to help protect the Real Estate Agents that refer us by carrying a special rider to help cover agents from being held responsible for any “wrongful act” in our performance or in our failure to perform “inspection services”.
So, the next time you need a home inspector, be sure to ask just exactly what type of insurance they carry and find out if the inspector, the agent and the buyer are really covered.
Below is a link to a great article for buyers, sellers and Realtors on what to expect and how to negotiate issues after your home inspection. It talks about setting expectations and has some great tips on how to deal with issues found.
Everyone knows how stressful buying and selling a home can be. Not only is it often one of the biggest financial events in someone's life, but it is also emotional. Sellers are not just selling a house, they are leaving a home. The reason for buying or selling a home is often exciting; A young couple can finally afford a home, there was a promotion, new job or a new addition to the family. But sometimes it is a sad event and families must move from a home or city they love.
What ever the reason, people can become very emotional during the sale of a home. This article provides some wonderful insight on handling one of the most difficult parts of a real estate transaction.
Click here for the article How to Negotiate issues after a Home Inspection, written by Bill Gassett, the owner of Maximum Real Estate Exposure and a twenty nine year veteran to the Real Estate industry.
Scheduling inspection appointments with all parties can be time consuming and frustrating. Do you often play phone tag when trying to schedule a home inspection? Or when you reach them you then contact all the parties to find the appointment you selected won't work for someone, only to have to call the home inspector back and start all over again???
With our app you can Immediately Book an inspection with NO information.
Its sooooo easy.
The time slot you select will be reserved and we will follow up with you for all the information. EASY!
(It will ask you for more information, such as the address and client information. You can enter that information or just skip the fields, they are NOT required)
With this app you can also view any inspection we have done for your buyers right there on your phone.
If you would like to have this phone app, simply fill out the form below and we will email you easy installation instructions to your personal phone app account.
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