Verify Insurability and potential discounts for Your Home.
A four-point inspection may be an important part of purchasing a new homeowner's insurance policy or renewing an existing policy. In addition to offering premium discounts, it helps the insurance company determine whether to insure the home in its current state or what improvements would be needed to obtain insurance. The focus of a four-point inspection is to determine the approximate age and general condition of major system components.
An insurance inspection should not be confused with a "standard home inspection," which is more comprehensive in regards to both detail and scope.
A four-point inspection consists of a visual survey of the following four systems:
- Roof – Assessing the general condition of the roof, attic (visible signs of leaks?), roof covering (approximate year installed?), insulation, skylights, and ridge vents
- Plumbing – Evaluating plumbing supply lines and types and checking for any visible leaks under sinks or around drains
- HVAC (Heat, Ventilation & Air Conditioning) – Verifying interior and exterior air conditioning units' year, make, model, and condition (visible corrosion, leaks, or drain pan issues?)
- Electrical – Checking electrical panel, grounds, breakers, type of wiring, and condition of mast; if an overhead electric panel is present – identifying year installed and verifying condition and presence of GFCI's.
Depending on state requirements, insurance companies will usually require that the inspection be performed by a licensed inspector. Consult your insurance provider concerning any specific requirements.