Texas Home Inspector Practice Exam

What is the required minimum limit for liability insurance per occurrence for an inspector?

1. $50,000

2. $100,000

3. $250,000

4. $500,000

The correct answer is: $100,000

The required minimum limit for liability insurance per occurrence for a home inspector is set at $100,000. This amount is essential for protecting both the inspector and their clients in the event of claims arising from potential negligence or failure to meet industry standards. Having a liability insurance policy with this coverage ensures that inspectors can adequately address any legal challenges or damages that might occur during their inspections. It serves as a crucial safety net for both the professionals in the field and the consumers who rely on their expertise. A limit of $100,000 strikes a balance between sufficient coverage for the inspector's financial responsibilities while remaining accessible for industry practitioners. This standard reflects the importance placed on accountability and quality assurance in home inspections, aligning with regulations and best practices to maintain trust in the profession.