How to Pass your Home Insurance Inspection - A+
When you buy homeowners insurance, there is usually a home inspection scheduled within 60 days of the policy start date. If you buy a policy a month in advance, don't expect an inspector to show up until after the policy starts.
What is the house inspector thinking?
The inspector is making sure the information entered on your application for home insurance matches the correct home features. Also, they want to make sure the condition of the home is up to date, and no imminent updates are needed to prevent a likely claim scenario. The nine most likely reasons for rejection at inspection are:
- The roof shows lifted shingles or worn down shingles -- over ~15 years for asphalt
- Cracks in the foundation or siding
- Dangerous dogs not mentioned on the application
- Trampolines without a safety net, pools without a fence, pools with a diving board/slide
- Steps leading up to the home have no handrail
- Running a business out of your home
- Being next door to a commercial residence
- The home looks to be uninhabited/vacant
- Active construction on the property
Will there be an Interior Inspection?
For the majority of homes under $1,000,000 in value, there will be no interior inspection. The inspector will simply walk around the outside of the property, checking for any damage or wear and tear.
For high-value homes that have a market value of $1 mm and up, there will likely be an interior inspection to document the quality of interior finishings.
This interior inspection determines the correct Coverage A amount on the policy, so there are no shortfalls in coverage.
How to pass?
Most important is to make sure the roof is in excellent condition. An outdated roof or a roof in poor condition is the #1 reason for failing a home inspection. Additionally, make sure the property does not look vacant, no large construction projects are going on, and no unrepaired damages on the property.
What if I fail?
For most issues that arise at an inspection, the insurance company will give you a 30-day window to repair damages or remove risks from the property. If you need a bit more time, call your agent (or us), and we can see if we can get you an extension.
Sweating like a sophomore during finals week is behind you. Showing pride of homeownership is the simplest way to an easy A. You got this!
At your service,