In addition to buying and selling, home inspection is a vital part of acquiring and renewing home insurance. And over the last decade, insurance companies in Florida have become increasingly reliant on the four-point inspection, especially for homes built before 1994. A four-point inspection will typically be required for homes that are more than 30 years old.
Insurance inspection guidelines in this state have been led by the nonprofit Citizens Property Insurance Corporation (CPIC), which was created by the Florida legislature in 2002 to provide property insurance for homeowners who’ve been unable to find insurers on the private market.
HVAC | ROOF | ELECTRICAL | PLUMBING
In one sense, a four-point inspection for an insurance company is a streamlined version of the type of report I would create for a homebuyer or seller. Florida insurance companies aren’t interested in all of the details I would include in a full report. They just want a thorough examination of the four points: HVAC, electrical, plumbing and roof.
However, because those four points can be the source of considerable property issues, the insurance companies want to make sure that the inspection is conducted by a professional with a complete understanding of each aspect of those areas. Many companies supply their own four-point inspection form in order to make sure we’re ticking all the boxes during our inspection. (See the CPIC 4-Point Form here.)
Of course, insurance companies use the four-point inspections to assess their risk when insuring a home, but on the flip side, this is also a big opportunity for homeowners to make sure they’re paying an appropriate rate for insurance. If you have or are buying an older home, the four-point inspection can be the key to securing a fair rate, especially in cases where the home is in excellent condition for its age.