Description
The ISVA/RICS update outlines the implementation of new mandatory home survey standards, adjustments to survey reporting practices, and the current challenges and expectations in the professional indemnity insurance market for surveyors.
Key Points
- New RICS Home Survey Standards are now mandatory, requiring enhanced clarity, structure, and legal awareness in levels 2 and 3 survey reports.
- Professional indemnity insurance premiums and broker scrutiny have increased, demanding early preparation, detailed proposals, and stronger risk communication.
- Surveyors must adapt to expanded liabilities, better documentation, and more transparent engagement with clients, especially in complex or vacant property cases.
Learning Objectives
- Understand the structural and compliance-related changes in the RICS home survey standards and how they impact Level 2 and 3 reports.
- Identify best practices for preparing survey reports, managing liability, and addressing legal concerns such as warranties and compliance certificates.
- Learn how to navigate the shifting insurance market, including how to work effectively with brokers, manage expectations, and present strong proposal documentation.
