Buying a home is a very exciting (although somewhat nerve-wracking) experience, and it involves a lot of responsibility. One responsibility you need to fulfill is buying home insurance to protect your new investment and your possessions. However, many insurance companies will require you to get an insurance inspection before approving your application for an insurance policy.
If you find yourself in this situation, our inspectors at Cornerstone Inspections are here to help you in Ocala, Florida and surrounding areas. Here are three things we think you should know about getting an insurance inspection:
- It can help you get discounts on your policy. Insurance companies may use the insurance inspection to calculate your premium costs. You’ll pay more if they decide that you’re at high risk of filing a claim for damages in the future. However, if they see from your insurance inspection that you are making efforts to prevent damage, such as with wind mitigation, they may be willing to give you a discount.
- Your insurance company may require a four-point inspection. A four-point insurance inspection examines some of the most critical areas of your home: the HVAC system, electrical system, plumbing, and roof. Although it isn’t as robust as a comprehensive inspection, it provides some of the most important information that insurance companies are interested in.
- An insurance inspection and a home inspection are not the same thing. Although an insurance inspection involves examining many of the same systems and structures as a home inspection, they have different purposes. An insurance inspection is meant to help you get the coverage you need, while a regular home inspection is meant to provide you with peace of mind.