Proof that the consumer was given the option of accepting or rejecting each the binding arbitration clause and the jury trial waiver clause shall be demonstrated by having the buyer signal his or her name and write the phrase “accept” or “reject” within the margin next to each of the above clauses the place it seems in the executed contract or settlement.
Nothing in this subsection shall be construed to ban a residential contractor from: (1) providing an insured an estimate for restore, replacement, construction, or reconstruction of the insured’s property and any such estimate could also be submitted to the insured’s insurance coverage company; (2) conferring with an insurance firm’s consultant about harm to an insured’s property; or (three) discussing repair or alternative choices with an insurance company’s consultant or the insured about choices for the restore or replacement of the harm.
On and after January 1, 2001, any particular person engaged within the business of residence restore and reworking shall receive and maintain in full power and impact throughout the operation of the enterprise public liability and property damage insurance within the amount of $10,000 per prevalence for residence repair or reworking not in conformance with relevant State, county, or municipal codes, except the particular person has a internet value of not less than $1,000,000 as determined on the basis of the particular person’s most recent financial statement, prepared within thirteen months.
Any person engaged in the enterprise of home repair and transforming shall get hold of and keep in full force and effect in the course of the operation of the business public liability and property harm insurance in the amount of $one hundred,000 per person and $300,000 per incidence of bodily injury and $50,000 per occurrence for property injury, unless the individual has a web value of not lower than $1,000,000 as decided on the idea of the particular person’s most recent financial assertion, prepared within thirteen months.
The patron shall sign and date an acknowledgment type entitled “Client Rights Acknowledgment Kind” that states: “I, the home-owner, have acquired from the contractor a copy of the pamphlet entitled ‘House Repair: Know Your Consumer Rights.'” The contractor or his or her consultant shall also sign and date the acknowledgment type, which incorporates the title and address of the home restore and remodeling enterprise.