1. (a) Required insurance.— A home inspector shall maintain insurance against errors and omissions in the performance of a home inspection and general liability, with coverages of not less than $100,000 per occurrence and $500,000 in the aggregate and with deductibles of not more than $2,500.

2. (b) Term.—

   1. (1) Except as set forth in paragraph (2), a home inspector shall maintain insurance under subsection (a) for at least one year after the latest home inspection report the home inspector delivers.
   2. (2) Paragraph (1) shall not apply to a home inspection report that was delivered prior to the effective date of this section.

Cross References. Section 7509 is referred to in sections 7511, 7513 of this title.