Home Buyers Tips: When To Get a 4-Point Home Inspection

When a home buyer is considering the purchase of a beautiful and charming older home it is important to get a professional “4-Point Home Inspection”. It would also be a good idea to involve an insurance agent right away. This is due to the fact that most older homes also have many aging features that can actually create challenges when it comes to obtaining affordable homeowners insurance.

The 4-Point Home Inspection focuses on four main areas of your Florida home:

1) Roof.

2) Plumbing connections and fixtures.

3) HVAC (Heating, Ventilation and Air Conditioning).

4) Electrical wiring and Electrical Panels.

The inspection and report describes the condition and age of each of these aspects of your next home. Insurance companies want these reports to be made by certain qualified individuals such as a licensed Professional Engineer, General or Roofing Contractor, or an Electrician.

4 point inspection

Home-buyers  should be aware that insurance carriers have concerns that there may be conditions in an older home that could become a liability to them. For example; a home with an Electrical Panel that is nearing the end of its reliable service life may fail while under the policy. Then the homeowner may seek reimbursement from their insurance company for damages to the home or its contents. Similar concerns extend to the condition of the HVAC, Roof and Plumbing systems in an older home.

It is important to know that when any of these “4-points” are in poor condition, need to be replaced or perhaps were improperly installed in the first place, they may fail and cause fire or water damage to a home. That is something that both you and your insurance company would like to avoid happening once you take ownership of that older home. That is why it is important to get a 4-Point Inspection when you are in the process of buying an older home.

Most newer homes usually do to not have as many of these potential problems.

Do you have questions about a 4 Point Home Inspection? It is best to contact your Erb and Young Insurance Agent. They will help answer your questions and make sure that you have the right insurance coverage for your circumstances.

Erb and Young Insurance offers Free Homeowners Insurance reviews and specializes in creating customized Florida homeowners insurance policies. By going over the big picture and analysing the fine print, we will make sure that you have the right coverage to keep you and your assets protected by an insurance policy that is the right fit for you.

Related Posts