When you own or purchase an older home, rental property, or condo in Florida, Your insurance company will require a 4 point home inspection before you can purchase a homeowners policy.
Most insurance companies will require a current 4 point inspection once a home is older than 40 years, or if your rental property is older than 30 years. You can get a preliminary insurance quote without a four point home inspection. However, you will find out soon you will need a recent inspection before actually purchasing the homeowners policy. We review below what a four point home inspection looks at and what will cause a home to not “pass” a four point inspection.
What is a 4 point inspection in Florida?
A Direct Inspector’s 4 point inspection looks at the four primary systems (Roof, Electrical, Plumbing, HVAC) in your new or current home. Most insurance companies want to know that the major systems are in good working condition, this will also show how older homes have been maintained. Please do now confuse this type of inspection with a safety inspection, four point home inspections are only focusing on the functionality of the four main systems. Each 4 point home inspection is completed by a licensed home inspector, we will never send an unlicensed inspector to your property.
We mentioned the four primary systems above, here is what a 4 point home inspection looks at:
- Roof – Type of Roof Covering (shingles, tile, rolled). The age and condition of the roof. Are there currently any missing shingles or leaks?
- Electrical System – The type of the wiring in the home (copper, aluminum, knob and tube). The brand of the electrical panel. The condition of the homes electrical system
- Heating and Cooling – Is there central heat and air in the home? The age and condition of the system. Are there signs of leaking?
- Plumbing System – Type of supply and drain lines found in the home (copper, CPVC, galvanized, lead, polybutylene, etc. Currently any evidence of a leak? The age of the hot water heater.
Some insurance companies for example, Citizens Insurance, will require the inspector to use their specific form. Other insurance companies such as State Farm, Gulf Stream, AllState, Amica, Geico, esurance, Farmers, Foremost, Hippo, Liberty Mutual, Nationwide, MetLife, Progressive, USAA allow the inspector to use their preferred format. In addition to the digitally recorded report, the home inspector will take a photo of each of the major systems as a reference to provide to the insurance company. These photos will backup the legitimacy of the home inspectors report if any of the items are brought into question a later point.
Will a 4 point home inspection help lower my insurance premiums?
Whether your home “passes” or “fails” a 4 point inspections, it does not change the overall cost of homeowners insurance. This inspection simply determines whether an insurance company will offer insurance on your older home, and details any issues that would need to be resolved to receive home insurance.
An inspection of this type typically takes approximately 35 – 45 minutes at the property to gather the information required to complete the 4 Point insurance report.
Feeling unclear on the type of inspection you need? Please contact Direct Inspectors with all your questions and concerns.