Arizona Home Inspector License Bond | AmeriPro Surety Bonds | 844-589-9732
AmeriPro Surety Bonds provides surety bonds for both new home inspectors and those who need to renew their home inspector surety bond.
Our article below concentrates, mainly, on those who may be new to the Arizona home inspection industry and the surety bond required; however, anyone needing to renew or update their bond may call our office: 844-589-9732.
We provide this surety bond regardless of your history in the home inspection industry.
Arizona Home Inspectors:
Arizona home inspectors are defined as those who describe a home’s condition by physically inspecting the home. The industry is regulated by the Arizona State Board of Technical Registration.
While inspectors evaluate the condition of certain components within a home, they do not provide information regarding:
- The current or resale value of any home component;
- What is the cause for any problems or the source of any home component matters;
- Whether or not a home component or appliance is in compliance with Arizona law;
- Whether or not any pests are present or absent in a home
Arizona home inspectors, however, do inspect all of the following components in a home:
- Central Air Conditioning
- Insulation and ventilation
- Pool and Spa Components
Becoming Licensed as an Arizona Home Inspector
Arizona resident applicants who are interested in becoming a home inspector are required to comply with all of the following:
- Complete 84 hours of classroom training;
- Pass a national home inspector license exam. The exam fee is $225.00;
- Complete 30 inspections with an existing licensed home inspector;
- Complete an application along with a non-refundable $100 application fee and $42 fingerprint fee.
After an Applicant has been Certified:
With the above requisites have been met, within 60 days of certification, applicants will need to do two things:
- Obtain an Error and Omissions policy in the amount of $100,000 per occurrence and $200 in the aggregate;
- Obtain a Surety Bond in the amount of $25,000.
The Errors and Omissions Policy:
The errors and omissions policy is required to protect the home inspector from negligent, which may be non-intentional, acts which may be made in the course of business as home inspector.
Arizona Home Inspector License Bond
An Error and Omissions policy and a surety bond, like the Arizona home inspector license bond are in no way interchangeable or similar.
Besides being required for licensing, the $25,000 surety bond is also not an insurance policy.
The surety bond protects others —both the consumer public and the state of Arizona – from criminal acts of malfeasance, willful negligence, fraud and other acts of a criminal nature which a home inspector may commit in the course of their duties.
Consider a surety bond as a form of protection or guarantee that a licensed home inspector purchases on behalf of others to protect others.
Cost of the Arizona Home Inspector License Bond
Applicants can take comfort that they will not pay anywhere near the $25,000 face value of this surety bond.
Applicants will pay only a very small percentage of the amount (this is known as the bond premium).
The premium required will be determined by your credit score.
And, we hasten to add, that regardless of your credit score, AmeriPro Surety Bonds will work to provide you the best premium pricing available for you.
The Importance of this Bond:
As you may already be aware, this surety bond is required to be in place before you conduct your first home inspection.
The Arizona home inspector surety bond, once purchased, will need to be backdated to the date of your license certification. This allows the bond to run concurrent with your license and prevents any lapse in coverage.
We will do this for you at the time of the surety bond’s issuance.
Commitment to Professional Service:
AmeriPro Surety Bond is committed to quick, thorough and accurate issuance of surety bonds for our customers.