Insurance inspections

insurance-inspections

Wind Mitigation

The purpose of the wind mitigation inspection, is to lower the homeowner’s insurance policy. Florida passed a law requiring insurance companies to offer their customers discounts and credits for existing building features and home improvements that reduce damage and loss from wind. In order to qualify for this discount, homes must undergo a certified home wind inspection.

Wind Mitigation inspectors look for construction features that have been shown to reduce losses in hurricanes, such as a hip roof, concrete block construction, the presence of gable end bracing, shutters and opening protections, the presence of single or double roof straps, and the presence of a secondary water resistance barrier.

 

4 Point Inspection

A 4 Point Inspection focuses only on four main areas of interest in a home:

HVAC (Heating, Ventilation and Air Conditioning)

Electrical wiring and panels

Plumbing connections and fixtures

Roof

The inspection is designed to identify the existing condition and assess the remaining life expectancy of the materials. This is a mandatory inspection due to the age of the property. It is usually required by the insurance company when a home reaches 30 years of age. Some underwriters can ask for this inspection at their discretion even if the property is not that old.

 

Roof Condition Certification

Roof Condition Certification Inspection is a mandatory inspection required by Citizens (insurance company).  Homes over 25 years old with asphalt, fiberglass, composition or wood shake shingle, tar and gravel roofing (or others not specifically listed) and homes over 50 years old with tile, slate, clay, concrete, or metal roofing and mobile homes over 25 years old must have the roof replaced to be eligible for coverage. In order to pass the Roof Condition Certification, the roof must have no damage or visible signs of leak and must have at least 3 years of useful life remaining.

https://www.citizensfla.com/shared/forms/pla-submission/appsub/RoofConditionsEligibility10-08.pdf

 

Replacement Cost Estimate – RCE

This inspection will calculate the replacement cost of a property. This will determine for how much a homeowner should insure his property.

RCE is not the same as an appraisal or market value. An appraisal is the amount a buyer would pay for a home, including the land, regardless of how much it would cost to rebuild the home. Replacement cost is the rebuilding cost necessary to repair or replace the entire home.

 

Elevation Certificate

Elevation Certificate (EC) is a report that is used to determine if a property lies in a flood zone and how high this property was built in relation to that flood zone. This information is used to determine the proper insurance premium rate.

This inspections must be performed by a surveyor.