If you're in the process of buying a home, you may have heard that you'll need a home inspection before you can get a homeowner's insurance policy. Is this really true? The answer to this question is deceptively simple, but there are a lot of important considerations that go beyond "yes" or "no". So, let's break it down.
Wind mitigation credits are a relatively recent invention. After a string of nasty hurricane seasons, a number of insurance companies nearly went bankrupt reimbursing homeowner's for damage to their homes. Obviously, this kind of situation isn't sustainable — for them or for you. A devastating hurricane season could (and will) happen again.
The short answer is yes. The exterior of a home — the roof in particular — is just as important as the interior. No home inspection is complete without a good look at the exterior. Here are a few of the areas outside of your home that the inspector is interested in.
Buying a home can be confusing. Even after you've found what you think is your "dream home" you still have a ton of work to do crossing the t's and dotting the i's. Ideally, you'd also get an independent home inspection before you finalize the deal. One thing that can mix up some first time home buyers is the difference between an inspection and an appraisal. You shouldn't get these two confused — they're very different things with different purposes.
A wind mitigation inspection could save you money on your homeowner's insurance, but what exactly are they looking for? Here's what your inspector is required to look at during a wind mitigation inspection.
Shopping for a home is a lengthy and exhausting process. When you've finally found one you like you don't want to do anything that could mess that up. However, some homes that look great at a glance end up causing endless headaches. Insurance companies know this, and that's why they often request 4 point inspections.
Right about now you're probably asking what's so special about an InterNACHI Certified Professional Inspector, or CPI for short. Rest assured that this isn't just another meaningless qualification handed out to anyone who sends in a few dollars. CPIs have to meet some pretty strict standards in order to attain and retain their certification.
So, you think you've found your dream home. You're just itching to close the deal and move your family in. You just want to give the house one last run-through to make sure everything is in order. Everyone's telling you to hire a home inspector, but it doesn't sound too complicated so why pay for a professional? Well, there are actually a number of reasons why you shouldn't go DIY with your home inspection.
Protecting your home against wind damage should be a high priority when you live in a hurricane-prone state. This doesn't necessarily require expensive home renovations either. There are a number of fairly inexpensive ways to give your home a leg up when it comes to wind mitigation.
Older homes have their charm, but they can also come with their fair share of issues. Insurance companies know this as well as anyone, and that's why more and more they've been pushing mandatory inspections for older homes. More specifically, they want to see a 4 point inspection report before they'll give you homeowners insurance.