Insane!!! Free Home Warranties for all InterNACHI-only members and all their clients.

[Nick Gromicko]

Coming the first part of 2009.

Until then you can buy them at http://www.mountainwarranty.com/

[Gerry Pallotta]

Nick
I am going to assume this is only available in the U.S.

[Nick Gromicko]

Mountain Warranty is available to inspectors in the U.S., Canada, and the islands.

[Gerry Pallotta]

Thanks Nick!

[Nick Gromicko]

This basically changes the inspection industry forever. Not only will our guys (and gals) enjoy less liability, but they can advertise that their inspections are coverd by a Home Warranty.

Wow!

[jvogan]

Nick, do we have to sign up or anything?

[Nick Gromicko]

If you want to start offering them now you can but you have to buy them at $17 apiece at www.mountainwarranty.com

I'd raise your prices $25.

When someone calls for an inspection, explain that you charge a little more than all your competitors and that the potential client should pay a little more and have you do the inspection, and that you are so confident in your skills that you offer a home warranty.

1. You'll get way more work
2. You'll reduce your liability
3. You'll add value to your inspection service
4. And you can keep the extra $8

When it goes to free in 2009 you keep the entire $25.

[Nick Gromicko]

We are also negotiating E&O discounts for those offering the warranty.

Like I said, this changes the entire inspection industry.

[fmagala]

http://www.youtube.com/watch?v=3GB0f47BMak

[James H. Bushart]

Originally Posted by gromicko

This basically changes the inspection industry forever. Not only will our guys (and gals) enjoy less liability, but they can advertise that their inspections are coverd by a Home Warranty.

Wow!

Are "their inspections" actually covered by this warranty, Nick? That is not how I read the warranty.

Be very careful, here. Hyperbole has its place...but not in this area.

[jlerch]

Originally Posted by fmagala

http://www.youtube.com/watch?v=3GB0f47BMak

What? Are you confused? This has what to do with this thread?

[Nick Gromicko]

Jim writes:

Are "their inspections" actually covered by this warranty, Nick? That is not how I read the warranty.

Be very careful, here. Hyperbole has its place...but not in this area.

Yes.

Furthermore, we know for a fact that inspector lawsuits are averted regardless of whether the warranty covers the claim (pays the consumer for it) or not (explains to the consumer why it is denied).

Warranties give the consumer some place to be heard.

[James H. Bushart]

Originally Posted by gromicko

Jim writes:

Yes.

Furthermore, we know for a fact that inspector lawsuits are averted regardless of whether the warranty covers the claim (pays the consumer for it) or not (explains to the consumer why it is denied).

Warranties give the consumer some place to be heard.

...and, as demonstrated by some television news media, when a non-inspection related issue is not covered by the warranty company...the consumer and his investigative reporter expect the inspector to make good on his "warrantied inspection".

The truth, Nick....truth, okay?...is that the warranty does NOT cover the inspection, but covers certain systems in the home for a limited period of time that had no evidence of prior problems.

Your warranty...when sold to the client with the same level of hyperbole and nonsensical espectations as you have done here...is an invitation to a lawsuit.

[Nick Gromicko]

Jim writes:

...and, as demonstrated by some television news media, when a non-inspection related issue is not covered by the warranty company...the consumer and his investigative reporter expect the inspector to make good on his "warrantied inspection".

Nope. Consumers are less likely to sue when there is a warranty, even when the claim is denied. It is the explanation of claim denial that thwarts almost as many suits as claim honoring.

The inspector's liability for "non-inspection related issues" is still zero with or without the warranty.

That is not to say that a client won't sue for a "non-inspection related issue," but the having a third-party warranty company either pay for it or explain why the claim is denied is far better than having the inspector pay an attorney to explain it in court.

Do warranties stop all suits? No. But warranties stop most of them.

[Erol Kartal]

Originally Posted by gromicko

Like I said, this changes the entire inspection industry.

No it doesn't. They get inspectors in trouble. Unless of course you wish to disclose all the warranty exclusions up front.