If you’re considering buying an older property and want to make sure you can get or renew your homeowners insurance coverage you may encounter the concept of a 4-point inspection.

What is a 4-point inspection? The short answer is that it’s a thorough examination of a house’s condition that focuses on four major components: Electrical, plumbing, roofing, and the heating, ventilation and air-conditioning system. Used mainly for insurance purposes, you may still need to have one done even if you have a general home inspection, especially when purchasing an older home.

What is a 4-point inspection?

A 4-point inspection focuses on the HVAC system, roof, electrical, and plumbing. A certified home inspector tests and reviews these features to determine the property’s condition.

A 4-point inspection is typically required when insuring an older home for the first time or when renewing an existing policy. Home insurance companies usually require 4-point inspections on properties that are at least 20 to 30 years old. That’s because any concerns relating to major systems could result in costly repairs for the insurer.

Benefits of a 4-point inspection

A 4-point inspection helps both homeowners and insurance companies evaluate a home’s condition. It can help you detect the need for repairs before they become severe.

Here are some of the benefits of a 4-point inspection.

• It’s a fast and affordable assessment. A 4-point inspection provides an overview of the major systems in a home, giving you a better understanding of the property’s condition.
• It helps identify existing or potential problems and expenses. Knowing your home’s condition enables you to plan for upgrades or necessary repairs.
• It can save you money on homeowners insurance. If the 4-point inspection finds your home is in good condition, it can save you money on your policy because unexpected repairs are less likely.