SB205 Summary

• Amends Section 34-14B-3 of the Code of Alabama 1975 regarding home inspector licensure requirements.

• Adds legislative intent statement clarifying that the Legislature does not intend insurance requirements to express public policy disfavoring contractual limitations of liability between home inspectors and their customers.

• Requires home inspector applicants to maintain public liability and property damage insurance with minimum coverage of $20,000 for property damage, $50,000 per person, and $100,000 for multiple persons.

• Requires errors and omissions insurance in amounts and forms prescribed by the Building Commission.

• Becomes effective on the first day of the third month following passage and approval by the Governor.