Why Insurers & Home Warranty Companies Should Use Us

Have you ever sold a Home Warranty or a Homeowners Insurance policy and after your client has moved in and right after the probationary period expires, they quickly file a claim?

Sadly, you as the Home Warranty or Insurer cannot verify if it was a preexisting problem, so you are obligated to pay for the repair. Every year Home Warranty and Insurance companies pay out millions of dollars on these claims. Are you looking for a comprehensive and easy way to virtually eliminate these early claims from happening? Then The Plumbers Report Card Certification is for you! Get your property Plumbing Certified!

Just like with Realtors. Insurers and Home Warranty companies are having issues with post-sale plumbing claims. The Insurer has agreed to underwrite the property based on things like the Home Inspection Report that are used to make said determination. They certainly are not counting on claims so early in the process and their rates reflect that. The Home Warranty company warrants the home without there being an inspection in virtually all cases.

An Insurer and a Home Warranty company can pay out Millions of Dollars each year on post-contracting claim settlements. They are learning that many of the problems that cause claims should have been known beforehand. They could have been caught earlier.

Like others, they are finding that all parties to a Home Sale expect too much from your typical Home Inspector and they give too much weight to their Inspection Reports. Like in everything else, there are differing levels of knowledge and skill involved with the Inspector. Generally, Home Inspectors are not Plumbers. As a result, not every Home Inspector has the skill set needed to conduct an accurate and complete Plumbing Safety Inspection.

The typical Home Inspection itself is designed to locate only the most severe problems. That overlooks the fact that many small plumbing problems eventually become very big ones. There are few things that are more destructive than water.

A Home Inspection is supposed to tell the Insurer / Warrantor that they can insure a home with confidence and believe the home is problem-free at that point. However, despite the inspections being performed on the vast majority of sales, too often the house is sold, a plumbing problem occurs soon after, and the Buyer, often strapped after the sale and possibly feeling cheated, comes looking for his Insurer, Home Warranty company and/or anyone else involved to pay for the repairs.

For the Home Warranty company, the issue causing the claim was not discovered nor disclosed prior to the effective date of their Policy / Warranty. In today’s market, it means Insurers or Warrantors end up paying for something that maybe they wouldn’t have had to pay for if they had required a Plumbing Safety Inspection before insuring / warrantying the property. After such an inspection any issues discovered would be addressed either by being repaired or the item being left uncovered before the policy / warranty became effective. An Insurer and a Home Warranty company can pay out Millions of Dollars each year on early post-sale or post-contracting claim settlements. They are learning that many of the problems that cause claims should have been known beforehand. They could have been caught earlier.

Now there's a solution to that.

The Plumbers Report Card is a standardized, all-encompassing Plumbing Safety Inspection tool created by a Master Plumber with decades of experience behind him. The Plumbers Report Card guides the Homeowner / Inspector through the entire inspection process, ensures all required aspects of a home’s plumbing systems are inspected – and will not create nor send the Inspection Report until all inspected items are graded with photos, videos, and notes attached.

The Plumbers Report Card is extremely intuitive and is so detailed that it can be used by Homeowners to provide Insurers or Home Warranty companies with accurate, visual information to help them identify plumbing issues early on and deal with these problems appropriately.

Let’s chat about a free trial! See how The Plumbers Report Card can help you. Send us an email at info@plumbersreportcard.com or visit us at https://www.plumbersreportcard.com/contact.