Has your insurance company requested an insurance inspection on a house? We’ll provide you with the information you need to understand what Insurance Inspections are all about.
The main two occasions for an Insurance Inspection are:
- When you first applied for your homeowners insurance policy
- When you make a claim
The purpose of the first is to check whether the house you want to insure is actually insurable. The purpose of the latter is to check whether the claim is valid and how much claims should be paid.
The first inspection depends on the insurance company. Some insurance companies require it, while others ask you for pictures of the home. For those who require a home inspection, this is part of their underwriting process to determine what premiums to set for your home. The inspection can result in increased premiums or lower premiums.
The inspector will look into:
- The make, age, materials used to build the house: whether it’s primarily made of cement, bricks or wood
- Electrical and plumbing systems: overloading, frayed wiring or any potential for burst pipes, exposed pipes and/ or wiring.
- Roofing: missing shingles, wear and tear or holes, chimneys and flashing.
- Walls and ceilings: signs of leaks such as water spots and peeling paint.
- Water connections: condition of rubber connecting hoses of your washing machine and dishwasher.
- Safety and security systems: fire alarms, smoke alarms, dead-bolt locks and motion sensors: resistance to thieves and fire.
- Possible areas of liability: presence of dogs and safety measures such as anti-slip floors. This is for the homeowners liability insurance – they will want to check whether the risk of liability is great for your home.
The inspector will check to see how well your house is maintained and whether it is safe or not. The safer your house, the more possibility of discounts.
Learn more about the types of Insurance Inspections we offer. https://www.misinspect.com/insurance-inspecton/