If you have been in the market for a new house, you may have come across the term “4 point inspection”. Many people don’t know what this type of inspection is and why someone might need one. This article explains the purpose of a 4 point inspection and what it covers.
Why Order a 4 Point Inspection
The main reason homebuyers order a 4 point inspection is because they are shopping for homeowners insurance. For homes over 30 years old, it is common for insurance companies to request this type of inspection before underwriting a policy. The insurance company wants to know the condition of the 4 major components that are the most costly to repair and replace in a home.
The HVAC system keeps the house climate-controlled and helps cut down on indoor humidity. A new HVAC system is a hefty investment, so a homeowners insurance company wants to know the condition of the current HVAC system. Also, a malfunctioning furnace can be a fire hazard and contribute to mold growth in humid climates.
A 4 Point Inspection Includes the Roof
A failing roof is a liability, both for the homeowner and for the insurance company covering the home. Damaged roofs can’t do their job of protecting the home and its belongings from water and other elements. This is why the roof is included in a 4 point inspection.
Poorly installed or deteriorating electrical wiring is a dangerous hazard in a house. Older homes are more likely to have electrical problems because they weren’t set up to support the many electrical devices people use today. Over time, pests can get inside the walls and damage electrical wiring, making it a fire risk.
Insurance companies are concerned with eliminating fire risks in a home because some of the largest insurance claims are due to house fires.
The Plumbing System is Part of a 4 Point Inspection
Like the roof, an inadequate plumbing system creates the potential for water damage. Water damage is one of the most expensive problems to fix in a home. Before insuring a home, the insurance company wants to know the condition and material of the plumbing pipes.
Everyone needs homeowners insurance to protect their investment. This type of inspection can help you get the coverage you need.