According to the National Association of Realtors, 88% of buyers conduct a home inspection during the purchasing process. Home inspections play a crucial role in the home-buying process, helping buyers make informed decisions about the property they are purchasing. Buyers who forego inspections can face unforeseen repair costs that can range from a small issue costing hundreds of dollars to fix or a major problem that could cost tens of thousands of dollars to repair depending on the severity of the problem.
Understanding Elite Inspection Warranties
A standard home inspection is a one-time service aimed at identifying existing defects in a home at the time of purchase according to industry standards or local regulation while the inspection warranty provides limited protection for defects that the inspection might have missed or that manifest shortly after moving in. The limited-term agreement or guarantee of an inspection warranty covers specific issues that may arise after closing is completed serving as additional protection for both the client and the inspector. An inspection warranty kicks in after closing and will reimburse customers for covered repairs that are identified within 90 days of closing or 120 days of inspection. An inspection is the best defense as it addresses issues when they pop up and reduces the potential the issue will escalate into legal action or an E and O claim.
Elite Inspection Warranties elevate the services an inspector provides to home buyers by offering real protection for both the inspector and the clients. With each state having its own home inspector insurance requirements, Elite Inspection Warranties offers free quotes for bundling any customized liability, inspection insurance, and E&O insurance packages. Depending on the plan, the Inspection Warranty will cover appliances, home systems, roof leaks and mold claims. While most inspectors include the warranty on every inspection they do have the flexibility to offer the warranty as part of an upgrade along with other services for an added cost.
With the added protection of repair reimbursement to the buyer for unforeseen repair expenses that arise after the home sale is complete, inspection warranties are a valuable safety net. Homebuyers work directly with an Elite Inspection Warranty team member to handle claims eliminating the need to involve the inspector through time-consuming legal battles.
Real Benefits of Elite Inspection Warranties
An Elite Inspection Warranty package may be purchased up to 7 days after the inspection has taken place. The most popular plan is the Pro plan covering an aggregate total of $3,000, the warranty will reimburse homebuyers for up to $2,500 for each of the following: appliances, electrical, plumbing, HVAC system, mold, roof, structure, and washer/dryer, and $1,000 for roofing problems. Review terms and conditions.
When homebuyers submit inspection warranty claims, they go straight to Elite. Elite Inspection Warranty team members work with the client to review the claim. take care of all authorizations, filings, and payments, making the process as simple and efficient as possible.
Real Life Example
Real Life ExampleA client moved into their new home, expecting every item that passed inspection to function as it should. Just a month later, their 12-year-old water heater started leaking. They were understandably frustrated and worried about the cost of repairs. Luckily, because their home was covered under the Elite Inspection Warranty’s Pro Plan, they were reimbursed $1,800 for repairs to the system. Not only was the client thrilled with the outcome, but the inspector also benefited from offering a service that ultimately saved the homeowner significant stress and financial burden.
Changes to Your Home Inspection Process
Home inspectors are held in high regard for their attention to detail and thorough home inspection reports. A sure way to elevate your service is to offer an inspection warranty to your clients. Elite Inspection Warranties inspection warranty services offer no-hassle opportunities such as:
- Increased Credibility: With an inspection warranty going hand in hand with your services, you’ll elevate your reputation, gain trust from new clients, and solidify repeat business and referrals from past clients.
- Attracting More Clients: Homebuyers understand the value of additional protection after the inspection. When selecting a home inspector they will be more inclined to select the company that offers additional protection beyond the inspection and will be willing to pay more for the elevated offering.
- Reduced Liability: When you offer an inspection warranty to your clients, you are also protecting yourself from potential liability claims. Home buyers facing a major bill shortly after closing is disappointing and frustrating to any new homeowner. Having an inspection warranty in place can reduce the likelihood the issue will escalate into litigation by providing a clear process for addressing problems that arise after the inspection.
Protect Your Services and Reputation Today!
An inspection warranty provides substantial benefits for both homeowners and inspectors. For homeowners, it offers peace of mind and financial protection by covering unexpected repairs for issues that may have been missed during the inspection. For inspectors, offering an inspection warranty enhances their service by adding an extra layer of trust and credibility, helping to build stronger client relationships while protecting them from potential disputes over missed issues. Don’t hesitate to protect your services and reputation. Contact Elite Inspection Warranties for your free quote today!
