If you’re in the process of purchasing a new home, there are several steps to complete before you can move into your residence. A four point home inspection checks whether major systems in your home are working properly and is often required in order to get homeowners insurance.
What is a Four Point Inspection?
During this inspection, a professional home inspector will assess four main components of your home: the heating, ventilation, and air conditioning unit (HVAC), the roof, the plumbing system, and the electrical wiring and panels. The home inspection report details the approximate age of these systems and the condition of each component.
Why is this Inspection Necessary?
You often need a four point inspection to purchase an insurance policy for older homes. Insurance companies are hesitant to insure homes that were built more than 25 years ago without knowing the condition of the major components. Companies are concerned that older homes have issues related to wear and tear that could make the home a liability.
For example, if a home has a roof that needs to be replaced soon, the homeowner could file a claim for the insurance company to replace the roof and pay for damages associated with a deteriorating roof. These insurance concerns also apply to defective plumbing and electrical components or a faulty HVAC system. If these parts of the home aren’t in great condition, they should be replaced or repaired as soon as possible, since failure to do so can lead to water or fire damage.
Four Point Inspection Report
Insurance companies will accept a four point inspection report from a professional home inspection company. A four point inspection is not a replacement for a buyer’s home inspection, which you should also order before you finalize your home purchase.