4 Point Inspections
When a Florida homeowners insurance company insures a home they expect the four main components to be in good working order.
These four main components of interest are:
- HVAC (Heating, Ventilation and Air Conditioning)
- Electrical wiring and panels
- Plumbing connections and fixtures
Older homes (usually 25 years old or more) become a concern in that there may be conditions existing in the home that can become a liability for them.
For example a home with a roof that is nearing the end of it’s service life could fail and the policy holder may seek reimbursement for the loss to the dwelling or contents.
These concerns can extend to the condition of the HVAC system, Electrical and Plumbing Systems in the older home. If these elements are in poor condition and in need of being replaced or repaired, or possibly improperly installed they may fail and cause fire or water damage to the home.
Newer homes are assumed by insurance companies not to have these problems as frequently as older homes.
A ”4 Point Inspection” is a visual inspection based ONLY on these four main areas of the dwelling and is not the same as a “Wind Mitigation Report”.
So instead of just turning away business because a home is older than what the insurance company wants to insure, the Four Point Inspection is a way to show the insurance company that the home is a good risk because the 4 main components are in good working order.
And if found not to be in good working order by the inspector then the report shows what needs to be fixed, repaired, or replaced to not only make the home insurable but also to give the homeowner peace of mind and a safer place to live.