What is a Four Point Inspection?
A "Four Point Inspection" focuses only on four main areas of interest in a home:
- HVAC (Heating, Ventilation and Air Conditioning):
Checks made on the age, installation, general condition, running temperatures, ventilator balancing, future service requirements and life expectancy.
- Electrical wiring and panels:
Checks made on the age, installation, general condition, service loading, recent adaptions and life expectancy
- Plumbing connections and fixtures:
Checks made on the age, installation, general condition, all connected appliances, leakages and life expectancy
Checks made on the age, installation, general condition, type of materials used, overhead obstructions, signs of damage, signs of vermin entry
Why do I need a four point inspection?
Insurance companies have become increasingly reluctant to issue Homeowner Insurance Policies on older homes (usually 20 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.
If you are an insurance agent, before you agree your next policy consider this, has the property ever been subject to any storms, hurricanes or UN licensed home owner adaptations? If you cannot answer this, then you are assuming the liability and risk. My 4 point inspections could save you or your insurance company thousands of dollars.
If you are a home owner and looking to renew or buy new home owners insurance you can save yourself a lot of time and money by having your 4 point inspection ready when you apply. Many home owners are not aware of their policy expiration dates until it is right upon them. This leaves very little time to arrange for renewals, if the insurance company then requests an inspection and you cannot get it completed in time your insurance policy may lapse and you will not be eligible for renewal discounts.