How To Look At A House
McGarry and Madsen's home inspection blog for buyers of
site-built, mobile/manfuactured and modular homes
Does a home inspector have to be bonded?
Friday, July 5, 2019
Many states have no minimum insurance requirements for home inspectors. For the ones that do, it is usually general liability or errors and omissions insurance, or both, in amounts from $100,000 to $500,000. The only state that we know of that specifies a surety bond is North Carolina, and it is only necessary if the inspector chooses not to carry errors and omissions insurance or provide proof of meeting a minimum assets standard.
A surety bond effectively guarantees an amount of money that will be provided by the insurance company to meet an obligation of the insured, such as due to a lawsuit. It is often required of building contractors in an amount so that the funds to complete a contracted project will be available if the contractor defaults. Home inspectors generally have short-term obligations to the customer, which are fully covered by general liability and errors and omissions insurance, and a bond is unnecessary.
The approximately 23,000 members of the International Association of Certified Home Inspectors (InterNACHI) provide a slightly different type of bond to their customers that they receive as part of their membership. InterNACHI calls it an “Honor Guarantee,” but it is technically a fidelity bond, and guarantees payment for any theft of personal property by an InterNACHI member during a home inspection.
Also, see our blog post How can I check to be sure a home inspector is licensed?
Click on any of the links below to read other articles about what is required to be included, or not, in a home inspection:
AFCI •• Air conditioner •• Ants •• Appliance recalls •• Appliance testing •• Attic •• Awnings •• Barns and ag blgs. •• Bathroom exhaust fan •• Bonding •• Carpet •• Ceiling fans •• Central vacuum •• Chimneys •• Chinese drywall •• Clothes dryer •• Dryer exhaust •• CO alarms •• Code violations •• Condemn a house •• Crawl space •• Detached carport •• Detached garage •• Dishwasher •• Docks •• Doors •• Electrical •• Electrical panel •• Electromagnetic radiation •• Fences •• Fireplaces Furnace •• Garbage disposal •• Generator •• GFCIs •• Gutters •• Ice maker •• Inspect in the rain •• Insulation •• Insurance •• Interior Finishes •• Grading & drainage •• Lead paint •• Level of thoroughness •• Lift carpet •• Low voltage wiring •• Microwave •• Mold •• Move things •• Help negotiate •• Not allowed •• Outbuildings •• Paint •• Permits •• Pilot lights •• Plumbing •• Plumbing under slab •• Pools •• Questions won't answer •• Radon •• Range/cooktop •• Receptacle outlet •• Refrigerator •• Reinspection •• Remove panel cover •• Repairs •• Repair estimates •• Retaining walls •• Roaches •• Rodents •• Roof •• Screens •• Seawalls •• Septic loading dye test •• Septic tank •• Sewer lines •• Shower pan leak test •• Shutters •• Sinkholes •• Smoke alarms •• Solar panels •• Specify repairs •• Sprinklers •• Termites •• Toilets •• Trees •• Troubleshooting •• Wall air conditioners •• Walk roof •• Washing machine •• Water heater •• Water pressure •• Water shut-offs •• Main water shut-off •• Water softener •• Water treatment systems •• Well •• Windows •• Window/wall air conditioners •• Window blinds •• Wiring
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