No. Home inspections do not carry a guarantee .
A: Home inspectors are often asked about the cost of repairs, usually at the end of the inspection when we give a verbal report on the condition of the home. Although it would be convenient, as a rule, home inspectors do not provide written cost estimates or exact quotations for repairs.
Depending on the comfort level and experience of the inspector, rough ballpark costs may be discussed. However, the actual amounts can vary considerably depending on the contractor one hires.
Inspectors are encouraged not to provide written estimates for three simple reasons:
Going after your Home Inspector is possible depending on the area where you found the Knob & Tube. Remember, all inspections are visual. Closed in area's can not be inspected. Contact the inspector and bring this to his or her attention, he or she will hopefully drop by and look at the area. It can not be said any stronger, home inspections are performed on a visual basis, if it can not be seen, we can not report it!
The answer is "YES"! All Home Inspectors must be insured and carry "Liability" & "Error's & Omissions"!
The most important rule is to be present during the home inspection. This means scheduling time off from work and family responsibilities, and shutting off the phone, during the couple of hours the inspector is present at the home you hope to buy. It’s not enough to be physically present, you also need to be engaged in the process. This allows you to observe and ask questions.
The inspection report gives you information on all aspects of the home from, roof to basement, electrical to plumbing, appliances to structural components. Always read the full report!