fourt point insurance inspections

Four Point Insurance Inspections

Update from Citizens Insurance Effective 9/1/2012: 

As the leader of the Home Inspection Industry in Florida, Kross Inspectors has performed thousands of Four Point Inspections which have been accepted by Citizens Insurance and many other Insurance companies when underwriting older homes.  In this article, we will briefly review the requirements issued by Citizens Insurance for ALL new policy issues effective 9/1/2012 (these requirements will go into effect for renewing policies on 10/1/2012):

 

  • A Four Point Insurance Inspection MUST be submitted with all applications for homes more than 30 years old (Previously this requirement was for homes more than 50 years old.)
  • Updated Plumbing Rules; properties with the following conditions ARE NOT eligible for coverage with Citizens Insurance:  Signs of active leaks or unrepaired water damage, plumbing systems not in good working order, and the presence of polybutylene plumbing.  
  • Updated Electrical Rules:  Requirements for remediation of aluminum branch circuit wiring have been added.  Electrical service of less than 100 amps are NOT eligible for coverage (exceptions may be made for mobile homes under certain circumstances and additional review by an electrician). 

These are just the major changes issued by Citizens Insurance for eligible properties older than 30 years.  If you would like to find out more about how this may affect a home purchase in Florida, please contact one of our qualified Inspectors at (877) 496-4662 or email Inspector@krossinspectors.com   

HISTORY OF THE FOUR POINT INSURANCE INSPECTION:

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 recent 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. 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:

  1. Roof
  2. Electrical
  3. HVAC System
  4. Plumbing

The insurance companies are expecting the condition of the components listed above to be working as intended within the manufacturer’s specifications. The criteria used to judge the components include:

  • Current operating conditions
  • Scheduled maintenance requirements
  • Expected service life

 Not all insurance companies require a Four Point Insurance Inspection and most typically only require it of homes older than 20 years upon issuance or renewal of a homeowner's insurance policy.  Please consult with your Insurance Agent prior to ordering a Four Point Insurance Inspection. 

  Appointments available with only 24 hours notice.  Please call (877) 496-4662 (staff available daily from 8am-8pm).

You may also complete the short form below to schedule your Four Point Insurance Inspection.

 

Schedule a Four Point Insurance Inspection

Please complete the form below with as much information as possible. You will be contacted by one of our staff to confirm your inspection request.

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