A Connecticut home inspector recently wrote to me about a “finding” he heard at a local law course, in which he has told that the American Arbitration Association (AAA) is now looking at DEFENDANTS for a substantial sum of money when a claim initiates.
This law course “professor” instructed the students to specify arbitration using an attorney qualified to arbitrate and with related experience.
He asked for my opinion – henceforth this week’s video tip!
I believe the AAA is feeling the financial pinch just like the rest of us and believes pushing the financial burden to the defendant is just what the doctor ordered to gin up a slew of new arbitration matters by removing the financial disincentive to the filing of ludicrous claims.
Home inspectors can head off this change by inserting key phrasing in their pre-inspection agreement. Watch the video tip below to find out the exact verbiage plus listen to why I believe the “professor” was wrong in saying that inspectors should demand an arbitrator have home inspection-related experience.