The Only Insurance Provider & Carrier Dedicated to Home Inspectors

If you actively perform professional home inspection services for a fee, it is strongly recommended that you invest in home inspection insurance. Although most professional liability claims are without merit, and professionals win over 90% of cases that come to a verdict, the trials and tribulations can be easily avoided. Most jurisdictions have made it a requirement for all home inspectors to have Insurance in addition to their inspector’s license. In fact, the following states have made it part of having a license: Washington, Massachusetts, Arizona, Texas, Mississippi, and Tennessee. Nevada, Pennsylvania, North Dakota, and New Jersey. Additionally, many businesses have made it a requirement of their franchisees to have home inspection insurance coverage as well. It is also a smart option when looking for referrals, as real estate brokers, reputable relocation businesses, and real estate attorneys prefer to refer clients to inspectors who are fully insured.

This endorsement provides coverage to a referring party—any referring party, not just a real estate agent—for any claim that alleges that the referring party negligently referred business to the insured home inspector for home inspection services.

No. The endorsement is automatically included at no additional charge to all home inspector insurance policies with EliteMGA.

Yes. You can obtain coverage regardless of your tenure in the profession. EliteMGA requires our new inspectors provide previous proof of education, training or certification prior to issuing a policy.

There are various limit options available: $1,000,000; $500,000; $300,000, $250,000 and $100,000. Many states have minimum limits of $500,000, as do many franchisors and many referring parties, such as, real estate agents, relocation companies and real estate attorneys. Some builders may require limits of $1,000,000 in order to enter onto their premises.

See State by State Insurance Requirements for Home Inspectors.

Yes, changes to limits of liability can be changed mid-term with undwriter approval. Term and conditions may apply.

Yes. There is no premium adjustment for adding an inspector mid-term. Neither is there one for dropping an inspector mid-term. Premiums are based on the number of inspectors at the beginning of the policy term. The only requirement is that you provide proof of training, education, certification or licensing prior to them inspecting for your firm.

At EliteMGA, typically policies are issued within 1 business day of the receipt of your completed application and other subjectivities. No payment is due up front and installments are available without outside financing. Many of our competitors force payment in full, or financing with additional fees up to 12.5%.

You will be covered for any claim under this policy that is presented after you switch insurance companies if you have had continuous Insurance in your name from the date of the inspection that gave rise to the claim. This is known as Prior Acts Coverage. For example, if you have had continuous Insurance in your name since 1/1/2002, that would be your prior acts date or, retroactive date, as it is sometimes called. Your current Insurance carrier will respond to a claim for work you performed from 1/1/2002 forward, assuming you have had continuous E & O Insurance with no lapses in coverage.

Prior Acts Coverage is only available to Home Inspectors who have maintained continuous Home Inspectors Insurance in their name. EliteMGA will need a copy of the Declarations Page of your prior policies together with the completed application to determine if you are eligible for prior acts coverage.

No. Prior Acts Coverage is only available to insureds who have had Home Inspectors Insurance continuously in force.