Lexington Home Inspectors Program
Home Inspectors Program
Policy-At-A-Glance
Home Inspectors Liability Insurance protects home
inspectors in claims arising from allegations of
wrongful acts, errors, and omissions in residential
real estate inspections and commercial inspections
including apartments/condominiums, offices, or
services (except restaurants) where the inspected
building is less than 100,000 square feet in area. The
program can also include premises liability
insurance. Get your Quote with Elite MGA and Lexington now CLICK HERE
Desired Classes
Many individual residential home inspectors or
home inspection firms can be considered, including
inspectors with no experience and new ventures.
Coverage can be written in all states except
Delaware and the District of Columbia.
Enhancements
Coverage can be expanded to include:
– Premises liability insurance — matching limits up
to $1,000,000 are available for premises liability
(subject to policy deductible)
– Radon inspections with sub-limits to $100,000
(subject to a $3,000 deductible)
– Termite inspections with sub-limits to $250,000
(subject to a $5,000 deductible)
– Protection extending coverage to entities that
commonly refer inspectors to customers, e.g.,
real estate brokers
– Limited carbon monoxide coverage amendatory
endorsement — sub-limits to $100,000 (subject
to $3,000 deductible)
– Pool and spa coverage (subject to policy limits
and deductibles)
– Septic and water purification testing
endorsement — sub-limits to $250,000 (subject
to $5,000 deductible)
– Limited exception to fungus and mold exclusion
with sub limits of $100,000 (subject to a $5,000
policy deductible)
– Limited exception to lead or lead by-products
exclusion with sub limits of $100,000 (subject to
a $5,000 policy deductible)
Premiums
– Minimum premium: $1,545
– Deductibles available $0 up to $5,000 (varies per state)
Underwriting Requirements
– A completed and signed ProgramConnect
application
– 5 years currently valued loss history
– Resumes for any inspector with less than three
years of experience
– Use of a pre-inspection contract required
RSC Solutions’ ProgramConnect streamlines and accelerates the submission process: Choose the coverages your clinet needs and complete only those application sections.
to comply with state and local licensing requirements. Coverage is underwritten by Lexington Insurance, with the sound financial strength and flexibility brokers and insureds can count on. Lexington Insurance Company, a Chartis Company, is the leading U.S.-based surplus lines insurer.RSC Solutions is a division of Risk Specialists Companies Insurance Agency, Inc. (RSCIA). RSCIA, a Chartis company, is a premier broker of specialty property-casualty and personal lines insurance. Chartis is the marketing name for the worldwide property-casualty and general insurance operations of Chartis Inc. All products are written by insurance company subsidiaries or affiliates of Chartis Inc. Coverage may not be available in all jurisdictions and is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain coverage may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore notprotected by such funds.