A home inspection is a detailed review of the home, including structural integrity, appliances, insulation, and much more. While useful for home buyers, the inspection report goes beyond what an insurance company needs to issue a policy. A 4-point inspection looks at the four main systems of a home and gives an insurance company the information they need to determine whether they will insure a property.
A 4-Point Home Inspection Checks the HVAC System
Heating systems are common causes of house fires. Leaks from gas supply lines can cause fires and explosions, the power source can short out and ignite nearby materials, and the heavy equipment in air handling units can cause fires by overheating.
The 4-point home inspection reviews the HVAC system so the insurance company has a report on its age and condition. The inspection report will detail any deficiencies that the homeowner may need to address before coverage can be provided or renewed.
Examine the Plumbing System
The plumbing system includes fixtures and the water and wastewater pipes throughout the house, as well as related components like filtration systems and the water heater. Problems in these areas may result in insurance claims from water damage, drain backups, and ruptured water heaters.
During the four-point home inspection, the inspector will search for leaks, determine the type of plumbing pipes, verify the water heater is operative and leak-free, and review the performance of fixtures like sinks and toilets. Drains will be checked for signs of slow water movement that might signal a developing problem.
During the 4-point inspection, the inspector will examine the electrical system. From the provider’s main power line outside to every receptacle in the home, electricity can cause fires, property damage, and injuries.
Insurance companies want to know the system is safe, so the home inspector will check the meter, breaker box, and electrical fixtures to confirm that everything is installed and working properly. The inspection will note if all parts of the electrical system appear in good shape with no signs of overheating, short circuits, or tripping breakers.
4-Point Inspection Reviews the Roof
Your roof protects your home and belongings from the elements. Roof damage allows water into the attic and living spaces, damaging the insulation, drywall, and structure of the home.
The inspector will make sure the roofing material is in good condition to withstand impacts of wind, rain, snow, and ice.
Inspections are usually thought of in the context of a sale. However, targeted 4-point home inspections are often required by an insurance company to make sure the property and its components are safe. 4-point inspections are a great tool for lowering losses and reducing premiums for all policyholders.