Insurance for Home Inspectors
InterNACHI® members receive exclusive discounts and enhanced coverage through our members-only insurance programs.
Errors & Omissions Insurance (E&O)
- Errors & Omissions
- General Liability
InterNACHI® members receive unique discounts and enhanced coverage through the exclusive InterNACHI® Elite Risk Insurance program.
Supplemental Health Insurance
- Dental
- Vision
- Whole Life
- Critical Illness
InterNACHI® has teamed up with villaNOVA Insurance Partners to deliver and manage a comprehensive and exclusive benefits package.
Health Insurance
New regulations going into effect right now will make it possible for InterNACHI® to offer an association health plan. We are actively working with insurance carriers, and expect to offer such a plan as early as Spring 2020.
About the InterNACHI® Errors & Omissions and General Liability Insurance Programs
InterNACHI® members receive unique discounts and enhanced coverage through the exclusive InterNACHI® Elite Risk Insurance program. If you're a member, you can click the button below to request a personalized quote.
Better Rates
Almost every consumer shops for insurance with the goals of paying the least and getting the most. Obtaining your liability insurance from an industry specialist like InterNACHI’s Elite Risk Insurance program can help you achieve both. With a program tailored specifically for the home inspection profession, you'll have access to competitive premiums and great coverage. If you find a quote for less money, just let us know so that we can review it and make sure it applies to your needs in terms of coverage, deductible, carrier status, etc.
Better Coverage
What good are low premiums if the policy doesn’t cover a claim filed against you? You don’t want to find that out the hard way, as it will create a tremendous financial hardship having to defend a claim on your own. Liability insurance has many facets. Home inspectors typically have a need for both Professional Liability—often referred to as Errors & Omissions or E&O insurance—and General Liability to cover third-party bodily injury and property damage claims. Insurance policies are contracts with significant limitations and exclusions, which could leave wide gaps in coverage if the right protection is not in place. InterNACHI’s program offers different endorsements to cover you for a wide variety of ancillary services that you might be offering your clients. Elite's representatives also understand the importance of maintaining continuous coverage to protect you from claims for inspections you performed in the past. Most importantly, they have a team of professionals who will take the time to review your insurance needs and provide you with the appropriate solutions.
Vanishing Deductible
All insurance policies have a deductible that you, as the insured, are responsible for paying in certain claim situations. The deductible amounts vary, depending on the type of company being insured. Would you like to be rewarded for no claims and on-time premium payments by having your deductible reduced each year? That feature is available for InterNACHI® members who purchase their coverage through InterNACHI’s new Elite Risk Insurance program.
Fighting for the Inspector Who's Sued
It’s not a matter of “if” so much as “when.” As an inspector, if you stay in this business long enough, chances are you’re going to get sued. The vast majority of lawsuits against home inspectors are meritless and fairly defensible, but it’s imperative to report the matter to your agent ASAP so that you don’t jeopardize your coverage down the road. Many inspectors are reluctant to report an incident because they don’t want a blemish on their record or their rates to increase. That fear will do more harm than good. Just because you report a claim doesn't mean that your rates will automatically increase. In the event of a claim/incident, our insurance carrier analysts will work directly with you to gather information to formulate an appropriate response to a disgruntled client in an attempt to diffuse the situation. In addition, the insurer utilizes a third-party expert in home inspector litigation to further mitigate your liability exposure, when appropriate. And a claim might not even be subject to the deductible if the carrier doesn’t incur any expenses (such as the need to retain experts, question witnesses, etc.). Should you be named in a lawsuit and need an attorney, the carrier will appoint local, vetted and specialized counsel to defend the matter, whenever possible. It’s important to note that every claim situation is different in terms of liability, but it’s our goal to vigorously defend you if you’ve met the standard of care owed to your client.
Risk Management
As a home inspector, you need to be aware of the potential exposure you have as a business owner and look for the best and most effective ways to manage those risks. Insurance is an excellent way to mitigate potentially costly liability and exposure, which could put you out of business, or worse. There are other techniques to consider, such as risk transfer, but the first step is to identify the different kinds of exposure you have by working with a professional insurance agent or risk manager to create a comprehensive plan to address them.
To better manage your risk, here are some other questions to consider:
- Is your inspection agreement compliant with all state licensing and consumer laws, where applicable?
- Does your insurance policy cover you for all the different services you offer?
- Do you use subcontractors to perform your ancillary services, such as radon testing, wood-destroying insect inspections, or mold testing? If so, are these subcontractors adequately insured? Do they list your company as an additionally named insured party on their policy?
- Do you hire independent contractors to perform inspections on behalf of your company? If so, are they covered under your policy
Don't go another day without making sure your E&O and General Liability coverage have you and your home inspection business fully protected. Let InterNACHI's Elite Risk Insurance give you the peace of mind you need to sleep well!
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About the InterNACHI® Dental, Vision, Critical Illness, and Whole Life Insurance Programs
New laws that became effective in 2019 allow association members to band together for insurance purposes to get the same benefits as large employer groups.
Open enrollment ends on Feb 21st. Existing InterNACHI® members must enroll by 2/21/19 to qualify for guarantee issue coverage. (New members who join after the open enrollment have 30 days after joining to enroll.)
Dental
Through UCCI’s Advantage Plus Network, members have access to the largest dental network across the country. Members can take advantage of preferred group pricing and no waiting periods. This means that insurance coverage starts immediately—you do not have to wait to access your full benefits.
Class I Diagnostic/Preventive Services
These services are covered 100% both in-network and non-network.
- Exams
- Bitewing X-Rays
- All Other X-Rays
- Cleanings & Fluoride Treatments
- Sealants
- Space Maintainers
- Palliative Treatment
Class II Basic Services
These services are covered 80% both in-network and non-network.
- Basic Restorative
- Simple Extractions
- Repairs of Crowns, Inlays, Onlays, Bridges, and Dentures
- Endodontics
- Periodontics
- Complex Oral Surgery
- General Anesthesia
The annual program deductible is $50 per person / $150 per family (excludes Class I services). The annual program maximum is $1,000 per person (excludes Class I services).
Vision
The cost of eye exams and vision hardware can really add up. interNACHI® members have the choice between two vision plans administered by VSP. Both plans offer national network coverage and one-year frequencies for exams, lenses, and frames.
The standard plan comes with $10/exam and $25/materials co-pays. The "Easy Options" plan comes with $10/exam and $10/materials co-pays. Both plans have a $150 frame co-pay. Single vision, lined bifocal, lined trifocal, and lenticular lenses are all covered 100%.
Critical Illness
Critical Illness Insurance pays money directly to you if you're diagnosed with a covered serious health condition such as heart attack, stroke, or cancer. Please review the full coverage details below. Please note that your children are automatically covered at 50% of your benefit election amount.
"Guarantee issue" means any election will be automatically approved without health questionnaires. Current members can take advantage of this first-year offering where the insurance carrier will not ask for a statement of health and elections are automatically approved. Please note that this feature is only available during the initial open enrollment period.
$10,000 or $15,000 lump sum benefit once approved for the following covered conditions:
- Coronary Artery Disease (major 50%)
- Coronary Artery Disease (minor 50%)
- End Stage Renal Failure (100%)
- Heart Attack (100%)
- Stroke (100%)
- Major Organ Failure (100%)
- Invasive Cancer (100%)
- Non-Invasive Cancer (25%)
- Skin Cancer ($500)
- ALS / MS / Parkinson’s / Dementia (100%)
- Brain Tumor (100%)
- Coma (100%)
- Loss of Hearing (100%)
- Loss of Sight (100%)
- Paralysis (100%)
Whole Life Insurance
Whole Life Insurance provides money to your family to help them with ongoing expenses if you die. Unlike standard Term Life plans, Whole Life is permanent insurance and will last your entire life. Whole Life builds cash value. You can borrow from your Whole Life plan or use it to pay off your coverage early. You can even request a “living” benefit or early payout, if you are diagnosed with a terminal illness that limits your life expectancy to a year or less.
"Guarantee issue" means any election will be automatically approved without health questionnaires. Members can elect up to $100,000 in coverage. Please note that this feature is only available during the initial open enrollment period.
Pricing and full coverage information is available in the enrollment portal.
