Money well spent ~ Hiring licensed, bonded & insured companies

Licensed, bonded and insuredWhen a person is looking to hire someone to do work at his home, one of the first questions that comes up should be whether the contractor is licensed, bonded and insured. This means the worker or company has all of the proper state and local permits to perform the work, discloses if the company or worker has lawsuits or violations against them and has the proper insurance to cover any what-ifs that happen on the job.

Know the terminology (see botton of blog)

Everyone loves a great deal. But do you really know what you’re getting for your money? Most of the time, it’s too good to be true or “you’re getting what you paid for”.  If something’s priced really low, how much can you really expect to get?

Home Watch is a unique business. There is the “Neighbors Doing Favors” program where a neighbor looks in on your home for free, or for the small cost of a dinner, a bottle of their favorite bubbly, or a couple of movie tickets. The problem is that they are not insured, licensed, bonded or trained professionals who utilize a comprehensive checklist system to insure that your critical systems are performing properly. In fact, most neighbors, friends or relatives won’t call you until the smoke is coming from the roof or water is running out the front door. By then, the damage has become severe.

You and your insurance company will have to negotiate the impact on future premium rates and whether they will even pay your claim. Who is compensating you for the loss or damage if your neighbor doesn’t lock up your house properly and vandals or burglars gain easy entry? Is it your insurance company’s responsibility or your neighbors for being negligent? If you aren’t asking yourself this question, you can bet that your insurance adjuster will be. What happens to your future relationship with this neighbor, friend or relative? Guess whose insurance is paying if your neighbor, friend or relative gets injured on your property while doing you this favor? If you guessed yours, You Are Right!

There are individuals that offer home watching as an add-on service to dog walking, house , yard work or laundry services for extra income. If someone offers a monthly visit, think twice. Home Watch visits should be no less frequent than every 2 weeks. Remember, the goal is to prevent damage from becoming a costly disaster. Can you imagine how much more damage a broken water pipe will do in 30 days versus 15 or even 7? The better program, especially during times of infrequent visits by the homeowner or during the off season would be to have a program of weekly visits as an added safety precaution.

Leaking water heaterFortunately, there are a handful of professionals that take Home Watch very seriously and treat it as a full time business. They are a LLC, are city and/or county registered, insured and bonded. They are trained, experienced and will be able to handle any situation. These companies will charge from $30 – $60 per visit, or more, depending on the size of the house.

 

 

A proper Home Watch visit takes time and expertise. A Home Watch Specialist is trained to know the early signs of damage or recognize potential areas for future damage and catch these before any of these become an expensive disaster.

Crop of checklistThe question is not “if something will happen, but when will it happen?” Nothing lasts forever! Every component in your home, from your water heater to the light switch on the wall, has an expected lifespan before it will fail and many times it seems to fail when we are not around, commonly understood as “Murphy’s Law”. A trained Home Watch Specialist will pay closer attention to those areas that are nearing the end of their useful life.

Even the most minor mold or water damage will cost thousands!! Mold can start growing within 24 to 48 hours so early detection is the key to saving money, hassle and heartache.

So yes, you pay now for a qualified Home Watch service…..Or pay a great deal later to repair the damage or more aptly, the disaster!

For the sake of your “peace of mind”, good neighbor/family relations and confidence in having a dedicated professional watching your home, we are your solution.

Contact Payson Home Watch today! 928-478-2117

Definitions:

Licensed: Contractors have been granted a trade license as mandated by state and local laws. It generally requires passing competency tests about business practices and trade skills, paying a fee and proving insurance and/or bonding.

Bonded: Contractors have an arrangement with a third party (a private bond issuer or a recovery fund held by the licensing municipality). Homeowners may petition for reimbursement through that third party if contractors harm them financially because of shoddy work or failure to pay subcontractors as promised.

Insured: All contractors you hire should be insured. Ask to see a Certificate of Insurance, then call to verify the policy is current and has enough coverage for your project.

References:

http://smallbusiness.chron.com

http://angieslist.com/contracctor/licensed-bonded-insured.htm

Lake Chelan Home Watch

 

 

 

 

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Payson Home Watch

Payson Home Watch is Licensed, Bonded and Insured for your protection.
We are an Accredited Member of the National Home Watch Association and a Proud Affiliate Business Member of CABOR.

Accredited Member of the National Home Watch AssociationCentral Arizona Board of REALTORS