In Florida, 4 point inspections are used to let insurance companies know the general condition of four specific systems of a home. These systems are the roof, HVAC, plumbing and electrical.
When do you need one?
Typically, these were only needed on homes over a certain age but insurance companies seem to be changing their criteria on which homes need this almost daily. A 4 point inspection could be requested when you are purchasing a property and requesting an insurance quote or if you already own a home and the insurer is renewing your policy. Sometimes, insurers will even stop issuing policies in certain areas so they will drop your coverage and you will need this inspection in order to find a new policy.
What will the inspector look at?
Your inspector will be reporting on the overall general condition of the roof, HVAC, plumbing and electrical systems but there are also specific things they will be looking for in each area.
What is the age and how much life does it have left? If it’s reaching the end of its life expectancy, it may need to be replaced or your insurance company may exclude it from your policy. Are there any signs of current or active leaks?
Is the A/C system functioning properly? What kind of heating system is present?
Are there any signs of leaks? What type of piping is present? If polybutylene pipes are used, this may affect your insurance as it has been known to leak. Does your water heater have the required safety features correctly installed?
What brand is your electrical panel? Some manufacturers have known problems and safety issues and your insurance company may require these to be replaced. What kind of wiring do you have? If it’s aluminum, repairs will probably be required.
So what does all this mean?
4 point inspections are basically telling the insurer what kind of liability they are taking on when insuring your home. Keep in mind that 4 point inspections are NOT a replacement for a full residential home inspection and should only be used as a report to the insurance company. If you are purchasing a home, never skip the full inspection and add on the 4 point if your insurance company requests it.