A home inspection isn’t required to be eligible for homeowner’s insurance under most circumstances. They are, however, ideal to have prior to purchasing a home in order to have a good overall expectation of the condition of the home and its main components (like the roof or the air conditioning). Your homeowner’s insurance carrier may request an inspection—one different than a pre-purchase inspection—if the home is older than 25 years or hasn’t had an inspection done in a long time.
This insurance inspection is a 4-point inspection conducted prior to issuing your policy to give the insurance carrier piece of mind of the “insurability” of your home—the risk your home poses for a future claim. Certain aspects of a 4-point inspection may affect your ability to get insurance without conducting major home updates or could affect your rates. For example, if the insurance inspection reports that the plumbing is old but in perfectly working order, your rates could be affected since your home poses as a high risk for a covered event—damage caused by a plumbing leak.
What Is Inspected In A 4-Point Home Inspection?
A 4-point home inspection is named because of the 4 main areas that are inspected and reported on. Specifically,
- the roof,
- plumbing system,
- HVAC, and
- the electric wiring.
These key areas all have a general lifespan, one that has usually passed when a home is 25 years or older. An insurance inspection confirms the remaining lifespan of these areas, the risk they could pose to causing damage to the home (e.g. a fire caused by faulty wiring or water damage caused by a burst pipe).
Typically, your 4-point home inspector will rate the condition of these four areas. Examples of their condition may be:
- New; professionally installed
- Damage professionally repaired
- Old; in working order
- Out of current code
- Old; high risk/needs replaced
While these are brief descriptions, your 4-point home inspector will follow up with more details and often, images to support their claim. In their detailed description, you will usually find a recommended course of action, like replacing a component, if action is need.
While homes don’t necessarily pass or fail an inspection, if an insurance inspection has recommendations for repairs or replacements, your prospective homeowner’s insurance carrier may require you to complete these actions before granting a policy. They may, instead, grant the policy on the condition that these aspects of inspection will be taken care of within a specified number of days or claims associated with that part of the home could be denied.
Related Article: What To Know About 4-Point Inspections
Trust In AcuSystem To Provide Accurate Information
When it comes to having a 4-point home inspection done, the homeowner/home buyer is often responsible for the cost and for choosing a company. AcuSystem Inspections has decades of experience providing home inspections throughout Florida and we pride ourselves on our thoroughness and dedication to giving our customers clear answers for next steps.