Originally Posted By: kmcmahon
This post was automatically imported from our archived forum.
I have a question to those of you that offer a warranty or guarantee. What exactly are you warrantying?(sp?)
I called a client today that contacted me by email. He got my name thru a customer referral. He asked me if I offer a warranty or guarantee of any kind. I really had no idea what I could warranty or guarantee as what we do is just a snapshot in time. I told him about Wisconsin laws regarding
our liability (see the regs below). He said other inspectors offer a warranty and he would like to get a 3 month warranty. I told him I couldn’t do that, and gave him examples of the facts as to why we are not fortune tellers. I just referred him to the law that said we stay liable for two years for any errors or ommissions.
I could tell this guy (hmong) didn’t have much money and was buying his first home (townhouse). He was nervous about buying it and two months down the road having something major happen and he won’t have the money to repair it.
I told him that I couldn’t speak for the other HI’s that offer this, but it’s doubtful that they really offer anything more than what the law makes them.
Maybe I’m misinterpreting what a warranty covers. Anyway, I booked the inspection for this saturday.
Just wanted your input.
Here's our standard in WI. We are not obligated to offer warranties or guarantees of any kind.
440.976 Disclaimers or limitation of liability. No home
inspector may include, as a term or condition in an agreement to
conduct a home inspection, any provision that disclaims the liability,
or limits the amount of damages for liability, of the home
inspector for his or her failure to comply with the standards of
practice prescribed in this subchapter or in rules promulgated
under this subchapter.
440.977 Liability of home inspectors. (1) Notwithstanding
s. 893.54, an action to recover damages for any act or omission
of a home inspector relating to a home inspection that he or she
conducts shall be commenced within 2 years after the date that a
home inspection is completed or be barred. The period of limitation
under this subsection may not be reduced by agreement.