Four Point Inspection

Why does your insurance company require you to get a “Four Point” Inspection?

Insurance companies have become increasingly reluctant to issue (or maintain) Homeowner Insurance Policies on older homes (usually 25 years old or more).  The inspection requirements were designed by insurance companies in order to get a better understanding of the structure they are insuring. The 4-Point Inspection gives them the necessary information to determine the risk when compiling your portfolio.

This is especially pertinent when insuring an older home. Older homes have had more time in which to have systems repaired or replaced or for things to potentially fall in to disrepair. Older homes also may have used construction techniques or materials that were normal at the time, but were subsequently phased out in favor of more modern practices. These are all things that are interesting and important for the insurance company to be aware of, since it helps them determine if the home is eligible for coverage under their underwriting policies.

Example: A home with a roof nearing the end of its reliable service life may fail while under the policy and the homeowner may seek reimbursement from their insurance company for damages to the home or its contents. Similar concerns extend to the condition of the HVAC, electrical and plumbing systems in an older home. If these elements are in poor condition, in need of being updated or replaced or were improperly installed, they may fail and cause fire or water damage to a home. The Service (Electrical) Panel is also a concern.  The insurance companies want to make sure there is no hazards present with your homes wiring.

It’s also important to note, that the 4-Point report is not the same nor can it be used in place of a wind mitigation report. To learn more about the “wind mit” form Click HERE.

4-Point Inspection Changes September 1, 2018

Citizens Property Insurance Corporation announced major changes in the requirements for 4-Point Insurance Inspections. These changes were first shared with Florida insurance agents in Citizens Bulletin on Feb 9th, 2018. According to this report, “Agents and licensed inspectors should begin using the updated forms immediately. After September 1st 2018 if the agent submits a previous version of the form(s), Underwriting may request additional information of create other underwriting actions”.

The purpose of the updates to the 4-Point Insurance Form (Insp4pt 01 18) as stated by Citizens is “to evaluate risks better and determine whether a property meets Citizens’ eligibility guidelines”. Below are just a few of the updates (changes) made to this new 4-point report.

  • ELECTRICAL – Separate documentation of any aluminum wiring remediation must be provided and certified by a licensed electrician as well as documentation of any “hazards present”. The list of hazards includes “empty sockets, improper grounding, corrosion, double taps and exposed wiring” as examples.
  • HVAC – “Date of last HVAC servicing/inspection” as well as “air handler/condensate line OR drain pan signs of blockage or leakage, including water damage to the surrounding areas”.
  • PLUMBING – In addition to extensive photo documentation of all valves for corrosion, there is now a requirement to report on the condition of ALL plumbing fixtures and appliances with specific comments on “leaks, wet/soft spots, mold, corrosion, grout/caulk, etc.”
  • ROOF – Again extensive photo requirements as well as the requirement to inspect for signs of roof leaks in the interior of the home and an attic inspection. The date of the last roofing permit is also required.

Click the link below to view the new report.

New 4-Point Inspection

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