International Association of Certified Home Inspectors
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#1
6/1/09, 2:37 PM
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Please Note:
Gary Brearley is a non-member guest and is in no way affiliated with InterNACHI or its members.
Insurance: YES or NO?
What's anybody's opinion about home inspectors needing errors and ommissions insurance?
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#2
6/1/09, 5:30 PM
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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 St. Louis, Missouri (314) 805-2137 bill@stlhomeinspector.com http://www.stlhomeinspector.com 
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#3
6/1/09, 5:38 PM
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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. CMI Certified Master Inspector and Independent 704 301-3207
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#4
6/1/09, 5:44 PM
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Re: Insurance: YES or NO?
And then some inspectors are self insured.
Doug Edwards, CMI
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#5
6/1/09, 6:16 PM
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Re: Insurance: YES or NO?
In Nevada its state law,100,000 gl 100,000 e&o
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#6
6/2/09, 12:44 PM
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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
6/2/09, 5:53 PM
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Re: Insurance: YES or NO?
Move to Florida, your home, health insurance account and retirement funds are beyond the grasp of the greedy lawyers.
"I know of no more encouraging fact than the unquestioned ability of a man to elevate his life by conscious endeavor." ~ Henry David Thoreau Certified Master Inspector (2007) Member, International Assoc of Certified Home Inspectors (InterNACHI) Member, International Code Council (ICC) - Certified Residential Combination Inspector Member, American Society of Home Inspectors (ASHI) Vice President - Suncoast ASHI Square-One Inspection "Assurance begins here"
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#8
6/2/09, 6:52 PM
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Re: Insurance: YES or NO?
Quote:
"Never underestimate the difficulty of changing false beliefs by facts."
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#9
6/2/09, 7:21 PM
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Re: Insurance: YES or NO?
Quote:
"Never ever threaten anyone in Camoflage" Tim Wilson "Not everyone follows the same path" Governor Sanford, musings on the Appalachian Trail
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#10
6/2/09, 7:31 PM
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Re: Insurance: YES or NO?
Quote:
"I know of no more encouraging fact than the unquestioned ability of a man to elevate his life by conscious endeavor." ~ Henry David Thoreau Certified Master Inspector (2007) Member, International Assoc of Certified Home Inspectors (InterNACHI) Member, International Code Council (ICC) - Certified Residential Combination Inspector Member, American Society of Home Inspectors (ASHI) Vice President - Suncoast ASHI Square-One Inspection "Assurance begins here"
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#11
6/2/09, 9:21 PM
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Re: Insurance: YES or NO?
Quote:
"Never underestimate the difficulty of changing false beliefs by facts."
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#12
6/3/09, 12:09 AM
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Re: Insurance: YES or NO?
Whatever
"I know of no more encouraging fact than the unquestioned ability of a man to elevate his life by conscious endeavor." ~ Henry David Thoreau Certified Master Inspector (2007) Member, International Assoc of Certified Home Inspectors (InterNACHI) Member, International Code Council (ICC) - Certified Residential Combination Inspector Member, American Society of Home Inspectors (ASHI) Vice President - Suncoast ASHI Square-One Inspection "Assurance begins here"
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#13
6/3/09, 3:55 AM
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Re: Insurance: YES or NO?
Russ Spriggs,CMI- Idaho's NACHI Chapter President Representing Home Inspectors in Coeur d’Alene and North Idaho www.TestForMethLabs.com http://www.cdaInspector.com http://www.idahohomeinspectors.biz/ Powerful, affordable inspection software at: http://www.homeinspectorpro.com/ Powerful, affordable branding & marketing at: http://www.HomeHintseNews.com/
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| Find an InterNACHI certified Kentucky Home Inspector (and anywhere else in North America) |
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#14
6/3/09, 10:27 AM
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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
6/3/09, 10:48 AM
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Re: Insurance: YES or NO?
Quote:
"I know of no more encouraging fact than the unquestioned ability of a man to elevate his life by conscious endeavor." ~ Henry David Thoreau Certified Master Inspector (2007) Member, International Assoc of Certified Home Inspectors (InterNACHI) Member, International Code Council (ICC) - Certified Residential Combination Inspector Member, American Society of Home Inspectors (ASHI) Vice President - Suncoast ASHI Square-One Inspection "Assurance begins here"
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