Make sure that the Home Inspector is insured!

By
Real Estate Agent with Weichert Realtors-Excel

 

Spring is the selling season in Michigan. 

 How many listing agents are asking for a cert. of insurance from the home inspector who is conducting a inspection on their clients home?  I had a house inspector recently tell me that he has only been asked 1 other time before,  in 20 years of business.  This was a very reputable inspector, but my job is to protect the seller.  In this economy everyone is cutting costs in doing business.  Sometimes this could be the first budget cut to make, especially if agents are not asking for it.

Don't get me wrong, I have nothing against inspectors.  But, if this person slips and falls, who is responsible?  Should your seller's turn a claim into their insurance company on a house that they are trying to sell?  We should not get caught up in the sale, but ask to have the cert. faxed to our office.

Let's make everyone in the transaction accountable.

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Rainer
20,493
Calvin Cowles
Cowles Home Inspection Services Inc. - Newnan, GA

I've never been asked by a realtor or client just by builders when I'm doing phase or new home inspections. But they are just looking for reasons to keep me out and have the buyer use their inspectors.

Feb 14, 2009 03:22 PM #1
Rainmaker
199,359
Jim Mushinsky
Centsable Inspection - Framingham, MA

Insurance is a good thing to ask anyone you hire for a professional service job.  Realtors as well as Home Inspectors may carry Errors & Omissions insurance.  Some states require this insurance and others do not, so it is a good idea to ask and be sure you know before you engage their services.

 

Feb 14, 2009 03:52 PM #2
Rainmaker
178,278
Jason Rose
123 ConEd LLC -- Michigan real estate continuing education - Farmington Hills, MI
www.123ConEd.com

You raise a great point!  Every home inspector should carry insurance, if nothing else just to protect him/her for a lawsuit from an unhappy home buyer who finds problems with the inspection.  It is common in many industries for everyone to have insurance, and home inspectors are no different.

Feb 15, 2009 12:25 AM #3
Rainmaker
424,130
Frances C. Rokicki
Fran Rokicki Realty, LLC - Bolton, CT
Broker-Mentor,CRS

In Connecticut, they must be licensed by the state.  This is new within the last few years.  When they submit the home inspection report, their license number must be clearly visable on the report.  By having the State of Connecticut license, they must carry appropriate insurance.

Feb 15, 2009 11:34 AM #4
Rainmaker
199,359
Jim Mushinsky
Centsable Inspection - Framingham, MA

Hi Frances.  In CT, as far as I know, requires home inspectors to be licensed. However, Insurance is not a requirement for home inspector licensing.    Chapter 400f Sec. 20-492b. Qualifications for licensee.

Feb 16, 2009 11:48 PM #5
Anonymous
Anonymous
Dean

I do not understand where you feel liability falls on a home inspector......It is still the seller's property and therefore, they are still the liable party.....I think realtors need to take business law classes.

Apr 09, 2012 05:41 PM #6
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Rainer
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Maryann Kepreos

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