Davidson Realty, Inc.

4-Point Insurance Inspection Can Identify Home Issues Early

April 24, 2018

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Posted by in News

Like any qualifying event we use to successfully conclude a transaction, there is always the risk of an unexpected surprise that throws a wrench into the works. The 4-point insurance qualifying inspection (roof, HVAC, electrical and plumbing) is no different. It’s all in how you approach it.

So, what are some of the best ways to have this 4-point inspection work in your favor?

  1. Don’t make the mistake of thinking the 4-point inspection is just a summary version of the whole house inspection. Not even close. Items that may fly through the entire house inspection could disqualify in the 4-point inspection.
  2. Most carriers require a 4-point inspection for homes 30 years or older. Having that knowledge, avoid the stress of a late surprise by getting the 4-point inspection completed early in the buying process.
  3. If you’re the home seller, consider your own 4-point inspection before you list. Now you have a leg up on potential buyer demands. You can also get repairs completed before they become an issue.
  4. If you’re the buyer, the 4-point inspection can be used to repair or replace unacceptable items such as electric panel boxes, plumbing material or older items deserving replacement.

Any way you look at it, an early and strategic approach towards the 4-point inspection can serve you well by identifying and resolving issues early. It also places your insurance agent in an advantageous position to shop the best home insurance options without concern for a late inning surprise.

So rather than that 4-point inspection being the “burr under your saddle,” it now becomes a useful tool to help you complete a very smooth closing. What could be better?

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Steve Canty, ARM, CIC, offers more than 40 years of insurance experience and owns Brightway, The Canty Agency, located on Hodges Boulevard in Jacksonville. Steve is a Certified Insurance Counselor, which is held by only 1% of insurance agents nationwide. Contact Steve at steve.canty@brightway.com.

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