Mandatory Home Inspections?

[Stephen D. Schroetke]

My client today was told by their insurance company (Progressive) that they must have a home inspection. I have heard rumors of this but nothing more than that. Has anyone else heard anything about this?

[Michael J. Meeker]

Sounds like a 4 point. Is it an older home?

[Stephen D. Schroetke]

No, built in 2004 and they required a full home inspection.

[David Garton]

Hey Stephen, what state is this in?

[Nick Gromicko]

As I've explained, InterNACHI is working with most major insurance companies now, offering to manage their insurance inspections, supporting their adjusters on catastrophic losses, creating inspection forms, and soon we'll be providing all the approved continuing education for their claims adjusters. One of the other things we have been doing is pushing for a full inspection before any new policies are written. Progressive is one of the many companies we have been meeting with.

No homeowner's policies should ever be written without there first being a full home inspection.

[Stephen D. Schroetke]

Originally Posted by dgarton

Hey Stephen, what state is this in?

Orygun.

[Stephen D. Schroetke]

Originally Posted by gromicko

As I've explained, InterNACHI is working with most major insurance companies now, offering to manage their insurance inspections, supporting their adjusters on catastrophic losses, creating inspection forms, and soon we'll be providing all the approved continuing education for their claims adjusters. One of the other things we have been doing is pushing for a full inspection before any new policies are written. Progressive is one of the many companies we have been meeting with.

No homeowner's policies should ever be written without there first being a full home inspection.

Are you getting any resistance from anyone? If it comes down to companies requiring full inspections will we still set our prices, schedules etc.? Will agents still be able to refer us or will we end up on a prefered list?
This sounds great on the front I just hope we don't lose our industry.

[Gary Farnsworth]

We are losing it anyway. Agents and contractors are moving in on our turf.

[Sean Fogarty]

I just did one for a lady taking over an estate home. Its strange, the lenders want the buyer to fix everything on the list. Period. Weather or not if its relevent to general maintenance, repairs or just trimming bushes. The lenders don't seem to understand that some things in the report do not have to be repaired only suggestions for the buyer. I think if you do have one done, you could create a huge mess for some. I personaly dont care if you fix your leaking faucet, and you don't have to fix it right away, but the bank does not see it that way.

[Steve Taylor]

With mandatory inspections comes standardization. With standardization, we become a commodity. With commodities, the lowest price wins. Nick, be careful what you wish for- you may get it.

[Brian E. Kelly]

Originally Posted by staylor7

With mandatory inspections comes standardization. With standardization, we become a commodity. With commodities, the lowest price wins. Nick, be careful what you wish for- you may get it.

Nick just wants to sell more stuff....

[Darin Redding]

Some of my commercial inspections has gone the way to being just a checklist now. It really has removed some of the professionalism from what we use to offer the client. At some point this particular client may marginalize us to the point that they send the service out to bid to see how cheap they can get a checklist done.

[Nick Gromicko]

Think it out. These are additional inspections to the demand we serve as an industry currently. Should repairs be required by the insurance company, additional re-inspections would also be required.

[Billy Boerner]

There will be plenty of work for all if mandatory inspections become the norm IMO. Far more homes in the US than there are inspectors, contractors, agents combined. I've done several now in St. Louis where the lender requires the property to be repaired according to my report before they'll write a loan for the buyer. It's becoming the norm.

[Wayne B. Wilson]

Originally Posted by sfogarty

I just did one for a lady taking over an estate home. Its strange, the lenders want the buyer to fix everything on the list. Period. Weather or not if its relevent to general maintenance, repairs or just trimming bushes. The lenders don't seem to understand that some things in the report do not have to be repaired only suggestions for the buyer. I think if you do have one done, you could create a huge mess for some. I personaly dont care if you fix your leaking faucet, and you don't have to fix it right away, but the bank does not see it that way.

You do not care Wow and here i thought you where a caring individual , I can be wrong, lololol