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Four Point Insurance Inspections
With the ever-changing homeowners insurance market in Florida, most homes over 10 years old will need an inspection called the 4 Point Insurance Inspection. These are usually needed when the homeowner changes insurance companies or their current insurer has moved out of the Florida market and cancelled the policy. Additionally, a home that is over 50 years old will most likely be put in the insurance pool called Citizens Insurance and will need a Citizens Insurance Inspection which is similar to the 4 Point Inspection, except that this inspection requires a Certified ASHI Inspector or equivalent to complete the form.
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 2004'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 Flo rida 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. It is funded by premiums paid by the insured and from other insurance companies paying into the program to reduce their overall losses.
The Four Point Insurance Inspection consists of a visual survey of the following four primary components of a house:
1. Roof
2. Electrical
3. HVAC (Heat, Ventilation & Air Conditioning)
4. Plumbing
Click for a SAMPLE FOUR POINT INSPECTION REPORT
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.
Please be clear that Waypoint Property Inspection, LLC is not employed by Insurance companies, and cannot guarantee any aspect of the four point inspection, including but not limited to: Insurability, Underwriting, Need for Additional Certification or Inspections Subsequent to Initial Inspection, Work to be Performed Following Inspection, Etc.
To Schedule An Inspection Call
813.486.8551
WEST CENTRAL FLORIDA
561.676.0546
EAST / SOUTHEAST FLORIDA
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