(a) Required insurance.--A home inspector shall maintain insurance against errors and omissions in the performance of a home inspection and general liability, with coverages of not less than $100,000 per occurrence and $500,000 in the aggregate and with deductibles of not more than $2,500.
(b) Term.--
(1) Except as set forth in paragraph (2), a home inspector shall maintain insurance under subsection (a) for at least one year after the latest home inspection report the home inspector delivers.
(2) Paragraph (1) shall not apply to a home inspection report that was delivered prior to the effective date of this section.
Cross References. Section 7509 is referred to in sections 7511, 7513 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 68 - REAL AND PERSONAL PROPERTY
Section 7501 - Short title of chapter
Section 7502 - Definitions and index of definitions
Section 7503 - Relationship to other laws
Section 7504 - Duty of care of home inspectors
Section 7505 - Consumer remedies
Section 7506 - Required contractual provision regarding home inspections
Section 7507 - Contracts with home inspectors
Section 7508 - Home inspection reports
Section 7509 - Liability insurance
Section 7510 - Reliance by buyer