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How much does a home inspector bond cost in Alaska?
The Alaska Department of Commerce, Community and Economic Development’s Corporations, Business and Professional Licensing section requires home inspectors to post surety bonds in the amount of $10,000.
These bonds are subject to underwriting, which means the price each applicant pays varies depending on a review of his or her credit report. With good credit, clients could pay as little as $150 for their bond. Bad credit? No problem! SuretyBonds.com has a history of helping 99% of all applicants get bonded quickly and easily. Request your free bond quote now!
Call 1 (800) 308-4358 or click here to connect with our team of surety bond experts who will walk you through each step of our simple bonding process.
Why do I need a home inspector bond in Alaska?
Obtaining a home inspector bond is a step to becoming a licensed home inspector in Alaska that ensures ethical business practices. If a contractor fails to operate according to licensing regulations or completes negligent or improper work, the bond will protect the state of Alaska and the public from financial loss.
By posting an Alaska home inspector bond, inspectors (principals) pledge to comply with all terms of AS 08.18 and pay all taxes and contributions due to the state and political subdivisions of the state, as well as pay all people who furnish labor or materials or rent or supply equipment to the inspector.
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How to become a licensed home inspector in Alaska
The following fees and documents must be included with the registration application packet to become a licensed home inspector in Alaska:
- A designation of the type of home inspection registration you are applying for (Existing, New Home, or Joint)
- A $65 application fee and $235 registration fee
- Proof of passed exams (evidence must be sent from the organization that administered the exam directly to the Alaska Department of Commerce, Community and Economic Development); passed exam requirements differ according to which type of home inspection registration you are applying for
Note: If more than three years have passed since you successfully completed the required examination(s), your application must contain proof of at least eight contact hours of acceptable continuing competency for the preceding two-year period.
- A surety bond in the amount of $10,000
- Proof of liability insurance
Note: This must include $20,000 coverage for property damage, $50,000 for injury or death to one person, and $100,000 for injury or death to more than one person.
The application packet must be signed and notarized.
Take the first step toward becoming licensed in Alaska by contacting one of our bond experts today!
Considerations for Alaska home inspector bonds
Alaska home inspector bonds run continuously from the date stated on the bond until the certificate of registration is revoked or otherwise terminated by the Department of Commerce. The surety can cancel the bond by sending written notice of cancellation to the department. The cancellation becomes effective 30 days after the postmarked date of the notice.
The principal must state his or her full title under the signature space on the bond form.
Alaska home inspector licenses must be renewed before June 30 of every even-numbered year.