Why do I need a four point inspection?
Insurance companies have become increasingly reluctant to issue Homeowner Insurance Policies on older homes (usually 30 years old or more). Their common concern is that there may be conditions in an older home that could become a liability to them. For instance; a home with a roof nearing the end of its reliable service life may fail while under the policy and 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, electrical and plumbing systems in an older home. If these elements are in poor condition, in need of being updated or replaced or were improperly installed, they may fail and cause fire or water damage to a home. Newer homes are assumed (by the insurance companies) to not have these problems as frequently as older homes.
Who can perform a 4 Point Inspection?
Most insurance companies require a licensed electrician, a general, building or residential contractor, a roofing contractor or a certified inspector to complete the 4 Point Inspection and certify the report.
Can I avoid a 4 Point Inspection if my insurance company has requested one?
It is often difficult to maintain coverage or acquire new insurance when a request for a 4 Point Inspection is ignored.