Ordering an inspection, and sometimes a 4-point inspection, is an important step in the homebuying process. Inspections identify problems with the house so you can be more informed about your investment. The 4-point home inspection may be required for the insurance company to document that the home’s systems are working properly.
What is a 4-Point Home Inspection?
This type of home inspection is specific to the roof, HVAC (heating, ventilation, and air conditioning), plumbing, and electrical systems. An inspection helps identify issues with these systems so an insurance underwriter knows the condition of the home.
Why Would You Need a 4-Point Inspection of Your Home?
A 4-point inspection is sometimes required by insurance companies before they will cover the home. These inspections are often performed on older properties that present more of an insurance risk due to the age of the major systems.
Unlike a traditional home inspection that reviews all major and minor components, a 4-point only looks at the four main systems.
Verify Systems are Working Properly
The insurance company will request a 4-point inspection as proof that the major systems of a home (heating, cooling, ventilation, plumbing, roofing, and electrical) are working properly.
If homebuyers don’t submit this proof to their insurance company, they may not qualify for homeowners insurance. In some areas, insurance rates may be higher than normal without the inspection, or certain systems of the property won’t be covered. The 4-point inspection report provides documentation that the insurance company needs to determine whether the home qualifies for coverage.
Detect Major Problems
By ordering this type of inspection on your home, you will learn about any problems with your home’s major systems. These components are the most costly to repair or replace, so the information can help you begin budgeting for an update.
For example, during a roof inspection, a professional inspector may identify damage that could lead to a roof leak or other issues down the road. By inspecting the HVAC system, problems with the furnace will be noted. These can be repaired before they become more serious concerns. The same is true for plumbing and electrical systems.
A 4-point inspection is sometimes required on a property before the insurance company will issue a policy. Talk to your inspector about performing the 4-point as part of your regular home inspection. You’ll learn about the condition of the house and have the necessary information for the homeowners insurance company.