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Pay Per Inspection Insurance Application

Allen Insurance GroupAHIT and Allen Insurance Group have put together a
program to assist New Home Inspectors to obtain more
affordable Error & Omissions and General Liability
Insurance for the first year of business, allowing inspectors
to move to a standard policy in the second year.

AHIT is not the insurer or agent. Insurance is provided by Allen Insurance Group.

THE PROGRAM

This is a brief description of coverage available under the Policy. The Policy contains limitations and exclusions. Full details of coverage are contained in the Policy. If there are any conflicts between this document and the Policy, the Policy shall govern. Costs are subject to change at any time.

The program consists of 4 main steps (all steps must be completed during enrollment).

Step 1: Purchase General Liability Insurance.

The inspector enrolls in the program and pays for their General Liability Insurance. This may be done while attending AHIT or after graduation.  You may enroll while in school and activate coverage at a later date.

Step 2: Purchase Errors & Omissions coverage for your inspections.

Select your coverage and limits for E&O.  There are two coverage packages available: Gold and Platinum. The “Gold” package includes coverage for Home Inspections and Radon Testing. The “Platinum” package adds coverage for Termite (WDO/ WDI) inspections.

Step 3: Complete Optional Coverage Supplement

Option to elect or decline optional coverage supplement.

Step 4: Purchase AHIT Inspection Report or Inspectit ReportPlus software

After enrolling you may purchase “Insured Inspection Report Packets” of ten from AHIT. These packets are coded so that they will be recognized as “Insured Inspections.”

Program Requirements:

  1. You must be a graduate of the American Home Inspectors Training Institute.*
  2. You must use the designated inspection agreement purchased from AHIT with the special Insured Inspection Report code on it.
  3. You must use AHIT’s Inspection Report Forms or Inspectit ReportPlus reporting system.
  4. You must forward a copy of the signed inspection agreement to the Allen Insurance Group within 30 (thirty) days of the inspection. You must also keep a copy for your records. Please remember that NO coverage is provided by the policy if you do not have an inspection agreement signed by your client and if the agreement used does not contain the necessary code.
  5. The policy is written on a claims-made basis. It is not renewable nor will any extended reporting be available. All Insured Inspections must be performed during your coverage period. Important Note: The agreements/reports are not valid for insurance coverage after the expiration of your coverage period.
  6. Coverage – The policy shall indemnify you for any claim which is first made against you and reported to the insurer during your coverage period (so stated on your coverage endorsement). The claim must arise out of an inspection or act performed during your coverage period and subsequent to the retroactive date (so stated on your coverage endorsement) and before the end of your coverage period.
  7. You will be sent an application to move to our “Standard Claims Made Annual Program” 90 days in advance of the expiration of your coverage period. If you purchase a new annual policy from Allen Insurance Group the policy will cover previous inspections performed under the “Graduate Program”.

    Annual Policies also available.
     
  8. All costs associated with the program are not refundable.
  9. The program is not available to multi-inspector firms.
  10. You will be required to provide past employment and education information
    (Step 2 of applicaiton process).

The program is NOT currently available in the following states:

AK, AL, AR, DC, MS, NJ, OK, TN, WV and WY

Allen Insurance is continuously working to expand this program throughout the US, so check back at a later time for updates on state availability.

Note that termite coverage is not available in OH or PA.

Standard Features:

  • “A” Rated Insurance Company
  • $1500 deductible for E&O claims
  • $250 deductible for General Liability claims
  • Very Broad Inspection Referral Coverage
  • In-House Claims Assistance

Coverage is included for:

  • Home Inspections
  • Commercial Inspections
  • Carbon Monoxide Claims (i.e., cracked heat exchanger)
  • Incidental Radon, Termite & Lead Based Paint Claims

Insurance Limits Available

  • LIMIT 1: $125,000 each claim/$250,000 all claims during your coverage period
  • LIMIT 2: $250,000 each claim/$500,000 all claims during your coverage period
  • The limits are the same for both Errors & Omissions and General Liability

Pricing

GOLD Program : Includes Home Inspection & Radon
Option Coverage Price
OPTION 1
General Liability
$125,000 each claim/$250,000 all claims

$280
  E&O Insurance for 10 inspections $380
(per 10 inspections)
  Option 1 TOTAL: $660
OPTION 2
General Liability
$250,000 each claim/$500,000 all claims

$330
  E&O Insurance for 10 inspections $490
(per 10 inspections)
  Option 2 TOTAL: $820
PLATINUM Program : Includes Home Inspection, Radon & Termite
Option Coverage Price
OPTION 3
General Liability
$125,000 each claim/$250,000 all claims
$280
  E&O Insurance for 10 inspections $545
(per 10 inspections)
  Option 3 TOTAL: $825
OPTION 4
General Liability
$250,000 each claim/$500,000 all claims
$330
  E&O Insurance for 10 inspections $705
(per 10 inspections)
  Option 4 TOTAL: $1035

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