The majority of home insurance carriers in Florida now require a 4 point inspection before they provide you with a homeowners insurance policy. A 4 point insurance inspection focuses mainly on four areas of interests in a home and must be performed by a certified, licensed and insured home inspector. The inspection report describes the age and condition of these four elements.
1. HVAC (Heating, Ventilation and Air Conditioning)
2. Plumbing connections and fixtures
3. Electrical wiring and panels
Homeowners insurance companies in Florida have become increasingly reluctant to issue Home Insurance Policies on 25 years old or older homes.
Their common concern is that a deteriorated home condition could become a liability to them and would result in significant losses. For instance, an old roof nearing the end of its reliable service life may fall under the insurance policy, and the homeowner may seek reimbursement from their carrier for damages to the home or its contents. Similarly, insurance companies concerns are extended to HVAC, plumbing connections and electrical wiring in an older home. Poor elements need to be updated or replaced as they may cause a fire or water damage to a home. On the contrast, newer homes are assumed not to have these problems as frequently as older homes.
Home insurance companies in Florida use this inspection report to determine the approximate cost to repair these four elements should a homeowner make a claim. It helps them gauge the level of risk and damage associated with older homes key systems to price your home insurance premium correctly.
Is there a standard form to fill out a four point inspection?
There is no industry-wide standard form, however, some insurance companies provide their own forms while others will accept forms from companies that are licensed to perform a four point inspection provided that they are filled out by qualified individuals.
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