100 day inspection coverage

[Nick Gromicko]

The program runs flush financially (year after year), so it is neither a rip-off, nor a sweet deal (you are getting what you are paying for).

What tips the scale (in its favor) is when you use it for marketing purposes to help support a consumer's decision to hire you.

[James A. Levy]

Just a thought for discussion. Could offering this warranty circumvent your E/O insurance or the purpose for having it? Better yet, could it be conceived as that way? In NJ we are not permitted to limit our liability due to the states E/O requirement. Could the 1,000.00 limit of this coverage be seen this way? I currently give the coverage away, but may stop.

[Marvin Maizel]

Thanks for the info LeRoy but I don't think anyone could do this in the northeast corridor.
But just fot the heck of it...what if the compressor fails in two months? What if a nasty, hidden mold problem shows up? What about a structural defect that you couldn't see? Is the coverage subjective?

[Nick Gromicko]

Is the coverage subjective?

No, it isn't.

If you are primarily doing this for coverage... you've missed the point of it.

[James E. Braun, CMI]

I use a similar product to circumvent complaints and to improve customer satisfaction. I prefer the warranty company to spend time on why a sewer line full of roots is not the home inspector's responsibility then me. They seem to believe the third party better.

[Joseph Hagarty, CMI]

Originally Posted by lholm

I have spent $3200 on the 100 day inspection coverage in the last 2 years.

The biggest purpose of having this coverage is like this example. The furnace is a natural gas 60,000 BTU, 2 stage with a variable speed Trane(brand) installed in 2007.

The day I am there it is running in top performance:
burners are clean
cabinet is clean in good condition
blower working correct.
CO reading is 13ppm
No CO from the heat exchanger.
I conclude gas pressure is set correct the heat exchanger has no cracks. I report the furnace is in good condition, I suggest having it cleaned and tuned every 2 years.

2 months later the control board goes out at thanksgiving dinner, the home owner has the local HVAC guy install a new one for the low price of only $250.

I want them to call me and I will have the inspection coverage reimburse them this cost.

IT IS NOT MY FAULT OR RESPONSIBILITY THAT THE CONTROL BOARD WENT OUT BUT I WANT THOSE PEOPLE TO SAY LEROY TOOK CARE OF US, OTHER THAN HE SHOULD HAVE KNOWN.

It takes 10 positive comments to cancel out 1 negative.

The best advertising is the word of mouth, it will make you or break you in this business.

And how much did you charge for the Initial Inspection...?
What you will pay out in a claim...
is relative to what you collect...
and the number of Inspections each year.....

[Joseph Hagarty, CMI]

Originally Posted by gromicko

Never be ambiguous about the cost of something, if it is free.

exactly....

[Joseph Hagarty, CMI]

When you take your car to a mechanic
and something breaks (power window, power lock, heater hose, belt, etc....)
a week or 2 later
is it his fault?

Is it reasonable for a Car Owner to expect a Mechanic
to be responsible for all future repair needs of a vehicle
from a single service?
??