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Legislation, Licensing & Legal Issues for Inspectors Use this forum to discuss current and proposed legislation on home inspector licensing, and other legal issues affecting home inspectors. Inspectors from all associations welcome.

 
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  #1  
Old 6/1/09, 1:37 PM
Gary Brearley Gary Brearley is offline
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Question Insurance: YES or NO?
What's anybody's opinion about home inspectors needing errors and ommissions insurance?
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  #2  
Old 6/1/09, 4:30 PM
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Billy Boerner Billy Boerner is offline
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Default Re: Insurance: YES or NO?
You have two options...

A. If you can't afford like most can't do your best cross your T's and dot your I's and hope you don't get caught.

B. Once you get caught strong possibility is your going to wish you had E&O.


Bill Boerner
STL Home Inspection Services LLC
Serving St. Louis/Surrounding
(314) 805-2137
office@stlhomeinspector.com
http://www.stlhomeinspector.com
Residential, Commercial, Radon, Termite, Lateral Sewer Scopes
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  #3  
Old 6/1/09, 4:38 PM
Bruce A. King's Avatar
Bruce A. King Bruce A. King is offline
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Default Re: Insurance: YES or NO?
Some inspectors think that they can just file bankruptcy if they get a big judgement against them. This is not the case, I know a builder who wanted to do that and it was not allowed in his state.

I have always heard that all businesses get sued eventually, not just inspectors.


B.A. King Home Inspections, LLC
www.BAKingHomeInspections.com
Serving Charlotte NC area and Rock Hill SC areas.
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  #4  
Old 6/1/09, 4:44 PM
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Doug Edwards Doug Edwards is offline
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Default Re: Insurance: YES or NO?
And then some inspectors are self insured.


"War is an ugly thing, but not the ugliest of things; the decayed and degraded state of moral and patriotic feeling which thinks nothing is worth a war, is worse. A man who has nothing which he cares more about than he does about his personal safety is a miserable creature who has no chance at being free, unless made and kept so by the exertions of better men than himself."

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  #5  
Old 6/1/09, 5:16 PM
Kenneth T. Loper Kenneth T. Loper is offline
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Default Re: Insurance: YES or NO?
In Nevada its state law,100,000 gl 100,000 e&o
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  #6  
Old 6/2/09, 11:44 AM
Stephen L. Guardino, CMI's Avatar
Stephen L. Guardino, CMI Stephen L. Guardino, CMI is offline
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Default Re: Insurance: YES or NO?
Most claims are way below the ded. of the policy. You end up paying anyway.


Stephen L. Guardino, CMI
Flagler Home Inspections
Palm Coast, Florida 32164
Office: (386) 503-2820
Fax: (386) 447-0131
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  #7  
Old 6/2/09, 4:53 PM
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Joseph Burkeson, CMI Joseph Burkeson, CMI is offline
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Default Re: Insurance: YES or NO?
Move to Florida, your home, health insurance account and retirement funds are beyond the grasp of the greedy lawyers.


"A state of war only serves as an excuse for domestic tyranny." ~ Alexander Solzhenitsyn



Certified Master Inspector (2007)
Member, International Assoc of Certified Home Inspectors (InterNACHI)
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  #8  
Old 6/2/09, 5:52 PM
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Michael Larson Michael Larson is offline
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Default Re: Insurance: YES or NO?
Quote:
Originally Posted by jburkeson1 View Post
Move to Florida, your home, health insurance account and retirement funds are beyond the grasp of the greedy lawyers.
For now anyway.


You can argue with intelligent people but to argue with a mush head is like trying to grab fog-Thomas Sowell

Never underestimate the difficulty of changing false beliefs by facts. - Henry Rosovsky-Harvard

Michael Larson
Hudson, WI

Services provided in East MN and West WI

[/I]
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  #9  
Old 6/2/09, 6:21 PM
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Brian E. Kelly Brian E. Kelly is offline
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Default Re: Insurance: YES or NO?
Quote:
Originally Posted by mlarson View Post
For now anyway.
But you have to buy a new roof every couple of years.
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  #10  
Old 6/2/09, 6:31 PM
Joseph Burkeson, CMI's Avatar
Joseph Burkeson, CMI Joseph Burkeson, CMI is offline
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Default Re: Insurance: YES or NO?
Quote:
Originally Posted by mlarson View Post
For now anyway.
Forever.


"A state of war only serves as an excuse for domestic tyranny." ~ Alexander Solzhenitsyn



Certified Master Inspector (2007)
Member, International Assoc of Certified Home Inspectors (InterNACHI)
Member, International Code Council (ICC) - Certified Residential Combination Inspector

Square-One Inspection "Assurance begins here"
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  #11  
Old 6/2/09, 8:21 PM
Michael Larson's Avatar
Michael Larson Michael Larson is offline
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Default Re: Insurance: YES or NO?
Quote:
Originally Posted by jburkeson1 View Post
Forever.


You can argue with intelligent people but to argue with a mush head is like trying to grab fog-Thomas Sowell

Never underestimate the difficulty of changing false beliefs by facts. - Henry Rosovsky-Harvard

Michael Larson
Hudson, WI

Services provided in East MN and West WI

[/I]
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  #12  
Old 6/2/09, 11:09 PM
Joseph Burkeson, CMI's Avatar
Joseph Burkeson, CMI Joseph Burkeson, CMI is offline
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Default Re: Insurance: YES or NO?
Whatever


"A state of war only serves as an excuse for domestic tyranny." ~ Alexander Solzhenitsyn



Certified Master Inspector (2007)
Member, International Assoc of Certified Home Inspectors (InterNACHI)
Member, International Code Council (ICC) - Certified Residential Combination Inspector

Square-One Inspection "Assurance begins here"
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  #13  
Old 6/3/09, 2:55 AM
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Russell Spriggs Russell Spriggs is offline
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Default Re: Insurance: YES or NO?
www.nachi.org/adrs
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  #14  
Old 6/3/09, 9:27 AM
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James E. Braun, CMI James E. Braun, CMI is offline
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Default Re: Insurance: YES or NO?
If you get E&O do not let anybody know you have it. It is well known the insurance companies will pay out even if it could not possibly be the inspector's fault. Sad but true.
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  #15  
Old 6/3/09, 9:48 AM
Joseph Burkeson, CMI's Avatar
Joseph Burkeson, CMI Joseph Burkeson, CMI is offline
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Default Re: Insurance: YES or NO?
Quote:
Originally Posted by jbraun View Post
If you get E&O do not let anybody know you have it. It is well known the insurance companies will pay out even if it could not possibly be the inspector's fault. Sad but true.
As fantastic as it sounds I have know of instances where inspectors use E&O as part of their marketing plan.


"A state of war only serves as an excuse for domestic tyranny." ~ Alexander Solzhenitsyn



Certified Master Inspector (2007)
Member, International Assoc of Certified Home Inspectors (InterNACHI)
Member, International Code Council (ICC) - Certified Residential Combination Inspector

Square-One Inspection "Assurance begins here"
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