Incident: The claimants home sustained water damage after the insured, a residential home inspector, left the water running in a sink during a home inspection they were performing. The water damage resulted in a loss of $5,000 and required the wooden flooring and an oriental rug in the claimant’s kitchen to be replaced. 

Outcome: The residential inspector has an RLI Home Business Insurance policy, which includes a residential inspection services endorsement. The endorsement amends the coverage form providing coverage for personal property damage during the course of a residential home inspection — limits provided up to $10,000 in any one occurrence. The policy paid for the $5,000 property loss to the claimant ($3,000 in damages to the wooden flooring in addition to $2,000 for the oriental rug). 

Give your customers peace of mind
In most cases, other policies would cover the flood damage to the hard wood flooring, but what about the damage to the oriental rug? The residential home inspection services endorsement added back coverage to personal property in the care, custody or control of the insured, resulting in coverage for the $2,000 personal property loss for the oriental rug.

The RLI Home Business Insurance Policy has provided affordable coverage tailored for home-based businesses for more than 20 years, and can provide your customers peace of mind.