Four Point InspectionsFour point inspections are required in the state of Florida at any point when obtaining home owners insurance on a home 30 years old or older.
When are four point inspections needed:
This inspection is required in the state of Florida at any point when obtaining home owners insurance on a home 30 years old or older. Some insurance companies require this inspection earlier than the required 30 year mark; 25 years is somewhat common, but we have had to provide this report on occasion on homes that are 20 years old and in rare cases, regardless of the home age this report can be requested from the insurance company before they provide an estimated premium for insurance coverage. At times, other third parties, like a mortgage lender, may request “an inspection report” of the property and generally a four point inspection report satisfies this request while providing far less detail than a complete home inspection.
What are Four Point Inspections?
This is a state required inspection of the ROOF, ELECTRICAL, HVAC, & PLUMBING systems of the home providing primarily two categories of information on these four systems:
- Age and remaining serviceable life of the system
- Condition of the system and any notable damage or deterioration
Purpose of Four Point Inspections
Determine eligibility of the home for binding an insurance policy. What this means to you is that there is a risk of the home being deemed NOT ELIGIBLE! In the case of most real estate transactions, no insurance means no mortgage loan, which means no home purchase. This in turn lowers the insurance companies’ exposure to financial loss caused by insuring a property with a high chance of damage from things like roof and plumbing leaks, electrical fires, and mold problems from non-operating Air Conditioning.
Some insurance companies will even offer discounts for a newer roof, electrical panels that are less than 20 years old, and other newer components or systems.
- Faulty plumbing pipe materials like Polybutylene; Galvanized older than 40 years
- Plumbing piping over 50 or 60 years old
- Water heaters over 20 years old
- Non-functioning Air Conditioning
Preparing for Four Point Inspections
Our recommendation is to deal proactively with the possibility of insurability issues rather than becoming irritated, freezing, and refusing to dialogue with parties of the real estate transaction.
Four Point Inspections
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