To secure a homeowners insurance policy for an older home, many insurance companies require you to have a four point inspection performed. You will need to submit the inspection report to qualify for coverage.
What is a Four Point Inspection?
This type of inspection assesses the roof, the electrical system, the plumbing system, and the HVAC system. The inspection report gives detailed information on the age and condition of each of the systems. Insurance companies normally require this type of inspection on homes that are 25 years or older, usually in coastal regions.
Before they underwrite an insurance policy, they need to make sure that these four major systems are functioning properly. Find a licensed inspector in your area to perform this inspection.
When Do I Need One?
A four point inspection is needed for insurance coverage on older homes in some parts of the country. It is most often requested in regions that are prone to heavy storms. Without the inspection report, many insurance companies will not underwrite a homeowners insurance policy. This type of inspection is a step you will need to take if you are buying an older home in a coastal area.
Making Repairs After a Four Point Inspection
If your home does not meet the minimum requirements to pass the four point inspection, you won’t be able to receive full insurance coverage until certain components are fixed, added, or replaced.
For instance, if you don’t have a central heat and air system, the insurance company may deny coverage. Often, homes that have polybutylene pipes fail the four point inspection because they are prone to leaks. If you don’t want to make repairs, you could shop around for another insurance company, or possibly secure a policy that excludes coverage of the problem area.