A 4 point inspection looks at the 4 major systems (Roof, Electrical, Plumbing, HVAC) in an older home. An insurance company wants to know that an older home has been well maintained, and the major systems are in good working condition. This is not a safety inspection. Before you can purchase an insurance policy for an older home or condo, most insurance companies will ask you to provide a 4 point inspection. This request typically occurs after you get a quote, but before purchasing the policy.
Here is what a 4 point inspection looks at:
- Roof –Type of Roof Covering (shingles, tile, rolled). The age and condition of the roof. Are there missing shingles or leaks?
- Electrical System –The type of the wiring in the home (copper, aluminum, knob and tube). The brand of the electrical panel. The condition of the homes electrical system
- Heating and Cooling –Is there central heat and air in the home? The age and condition of the system. Are there signs of leaking?
- Plumbing System – Type of supply and drain lines found in the home (copper, CPVC, galvanized, lead, polybutylene, etc. Is there evidence of current leaks? The age of the hot water heater.