Bungalows to Mansions Professional Home Inspection, LLC
Bruce M. Graham, III
- Sample 4 Point Inspection
- Four Point Inspectors
- 3 Mistakes
- Things to Look For
- Prebuilt Homes
- What Really Matters
- Why Pay More?
- Common Definitions
- EMFs in the Home
- Mold Information
- Mold & Moisture
- Mold Pictures
- Septic Systems
- Private Wells
- Water Quality
- Electrical Safety
- Child Safety
- Senior Safety Tips
- Safety Checklist
- Historic Renovation
Certified Four Point Insurance Inspections
The Four Point Insurance Inspection was created after Hurricane Andrew struck Florida in 1992. It is performed on behalf of the insurance companies and, typically, as a requirement for the insurer offering insurance to the new homeowner. After last year's barrage of hurricanes in Florida, the Four Point Insurance Inspection has taken on added importance. As insurance companies are beginning to see the benefit of the inspection, the program is spreading to other areas of the country. The benefit to the insurance company is, obviously, reduced loss risk on homeowners insurance policies. This is an area of business that has, for many years, been a money loser for insurance companies.
In 2002, the Florida Legislature passed a law that combined the Florida Residential Property and Casualty Joint Underwriting Association (FRPCJUA) and the Florida Windstorm Underwriting Association (FWUA). This resulted in the creation of Citizens Property insurance Corporation (Citizens), which more efficiently and effectively provides insurance to, and serves the needs of, homeowners in high-risk areas and others who cannot find coverage in the open, private insurance market. By law Citizens insurance must be the most expensive insurance policy on the market. It is funded by premiums paid by the insured and from other insurance companies paying into the program to reduce their overall losses.
While the four point insurance inspections were started by Citizens, they have quickly spread to most, if not all of the insurance companies that provide coverage in Florida. Several insurance agencies in the Alachua county area have been recommending the 4 point inspection for some time now.
While Citizens operates only in Florida, I know of several inspectors in other states who have transitioned their entire businesses into ones that deal only with insurance companies. There are some impressive statistics showing how this has saved the small regional companies substantial money.
The Four Point Insurance Inspection consists of a visual survey of the following four primary components:
The insurance companies are expecting the condition of the components listed above to be working as intended within the manufacturer’s specifications. The insurance companies are looking for the four systems to be in generally good working condition and fulfilling their intended function. If the home is an older home the insurance companies want to see that the systems have been updated. In most cases, the forms are provided by the insurance companies to their clients. The clients then ask the inspector to fill the form out during the course of the home inspection.
The criteria used to judge the components include:
There are other types of specialized programs that are similar in nature to this type of inspection and may exist in specific markets. For example, some states require low income buyers to obtain an inspection of a home prior to purchase to obtain a low interest loan. In Missouri, for example, the Missouri Housing Development Corporation (MHDC) has an inspection requirement that is similar to a Four Point Insurance Inspection. Another example would be in California where many homeowner insurance companies require verification of foundation attachment for homes built prior to 1965.
do I need a four point inspection?
there a standard form to fill out?
fill out the form myself?
am buying a home. Can I use this as a less expensive pre purchase home
Coordinating all these Trades Professionals for a 4 point Inspection sounds
Costly and lengthy.
Who can Guarantee the four point inspection forms enable me to be approved
In summary, the Four Point Insurance Inspection program is gaining in popularity and will likely continue to expand as the insurance companies recognize the value of the inspection and the savings benefits it provides to the insurance carrier. Bungalows to Mansions Professional Home Inspection, LLC is proud to offer four point insurance inspections as part of our full line of inspection services.
Insurance Companies of Florida