I have purchased homes and have had home inspections performed. The inspectors I have had, have always tried there best to report the condition of the home and it is easy to understand some things cannot be seen.  It is also understood that the buyer must assume some degree of risk when purchasing a home...that is stated in various language throughout the real estate documents we sign.  A home is not a brand new car with a manufacturer warranty. And even new homes with warranties have issues...and often a warranty for only 1 year, sometimes less...

If a home inspection company has to assume full liability as a result of this Senate Bill 627, I can easily see the following happen when a homebuyer wants to have an inspection. 

1. The inspection is going to take approximately 6-8 hours to complete and will cost an average of $1000 (condo) - $1600 (single Family)...maybe even more. 

2. The inspection process will no longer be just one individual,  but will include a licensed home inspector, a licensed electrician, a licensed plumber, a licensed roofer, a chimney specialist, a pest inspector and a structural engineer.  These professionals will work side by side throughout the course of the entire day to uncover every single flaw within your home...because if they don't they are liable to unlimited ends. 

3. In addition to the above listed professionals, a thermal imaging scan will need to be performed of every interior and exterior component.  

4. An indoor air quality test in every single room will be necessary to ensure there are no unseen health hazards in the air, such as mold. 

Radon tests will still be extra, as always. 

All personal posessions will preferably be vacated from the property being inspected in order to ensure the inspectors can see everything.  If posessions are present then there will be another clause the inspector has you sign somehow changing the terms...So homes on the market that are occupied will sit on the market longer as home buyers prefer the vacant homes. 

The above items may sound extreme or unlikely....but the reality is that the cost of inspections for home buyers will rise as companies endeavor to provide a greater level of invasive and specialized inspection for the clients. This in turn will result in many home owners opting out of a home inspection all together due to the costs. It will also result in many smaller companies or individual inspectors going out of business as they are not able to take on the associated liabilities and increased costs to stay in business. 

Food for thought.