What is Home Inspector Insurance?
Inspecting houses can be profitable and rewarding work, but the responsibility of checking houses comes with some risk. Inspectors may be held liable for the consequences of any mistakes they make, and they face a number of other potential risks. Home inspector insurance helps Massachusetts inspectors shield themselves from a range of covered perils that they’re exposed to.
Home inspector insurance policies are commercial policies that have been specially designed to meet the risk mitigation needs of home inspectors. These policies usually come as package policies, and inspectors can often adjust the exact mixture of coverages that are in their selected policy.
Who in Massachusetts Should Have Residential Home Inspector Insurance?
Massachusetts state law generally requires professionals who offer home inspections in the state to carry certain levels of insurance. This insurance, as well as any additional protection that inspectors may want, is most often obtained through a residential home inspector insurance policy.
Professionals who inspect non-residential buildings will likely find that they need more coverage than a standard home inspector policy provides, and many home inspector policies exclude inspections performed on non-residential buildings. Therefore, inspectors of commercial and industrial buildings usually need to get a slightly different insurance policy.