4 Point Insp Contract

[dquigley]

Originally Posted by jburkeson1

Sounds a bit fishy.

Why?

[Jeff Tatlock]

Originally Posted by ebancroft

This inspection is being performed for your insurance company on your behalf.
A Four Point Insurance Inspection is far less in scope than a standard home inspection and is not intended for any use other than assisting in the underwriting process.
This Four Point Insurance Inspection is a limited, visual survey of the heat/air conditioning,
roof, electrical, and plumbing systems.

I use this at the bottom of page 1 of the nachi 4 point template.
No need for signatures or anything else.

The 4 Point Inspection form provided by InterNACHI (
http://www.nachi.org/documents/4pointre.pdf ) has the following words:
Note: A Four-Point Insurance Inspection is typically performed for a homeowner when requested by their insurance company to obtain a new insurance policy or renewing an existing policy.
A Four-Point Insurance Inspection is far less in scope than a standard home inspection. This Four-Point Insurance Inspection is a limited, visual survey of the heating/air conditioning, roof, electrical, and plumbing systems.
A bit of nuance in the words, but the inspection is for and the property of the homeowner, unless the insurance agency pays. I don't send any information to insurance companies, unless they are the paying client.
Of course, if you are sending it electronically, I would never use a word form, but convert it to a .pdf.

[Ed Bancroft]

Four Points and Wind Mits are 2 different things. A homeowner will request a Wind Mit and send it to their insurance company to receive a discount.
With a Four Point, the homeowner receives no discount for getting the inspection.
The insurance company will require it as part of the underwriting process and will not issue insurance without it.
The insurance company sets the standards for the inspection, decides who can perform them and uses it to determine if they will insure a homeowner.
We are performing Four Points for the insurance company at the request of the homeowner.
Are responsibility is to both parties to do an accurate inspection.

As far as who gets the report, I always email PDF directly to the agent. The homeowner gets a copy emailed also.

[Zoe Fackler]

Originally Posted by ebancroft

This inspection is being performed for your insurance company on your behalf.
A Four Point Insurance Inspection is far less in scope than a standard home inspection and is not intended for any use other than assisting in the underwriting process.
This Four Point Insurance Inspection is a limited, visual survey of the heat/air conditioning,
roof, electrical, and plumbing systems.

I use this at the bottom of page 1 of the nachi 4 point template.
No need for signatures or anything else.

“Hi Ed and any others concerned
We have actually had a couple of attorneys take a first crack at using our Four Point as a way to shoot down a Hme Inspection performed by another inspector.
This is tried and true .......We have this at the bottom of our four point.
"This inspection is a limited visual verification only of the age and current condition of the Roof, Heat, Plumbing, and Electrical basic components.
This Inspector does not make any determination or opinion or approve or disapprove any dwelling for insurability. No guarantee or warranty is implied or offered. Use of this report for any purpose other than to obtain Home Owners Insurance will render this report and its contents null and void. This report is not transferable and cannot be passed onto heirs or others regardless of representation.
By payment of the inspection fee, the purchaser of this report becomes the sole owner of this report and agrees to these terms."
So if the Realtor orders it - and pays for it - the buyer has no recourse - etc..........

[Zoe Fackler]

Originally Posted by jburkeson1

Sounds a bit fishy.

Joe
If you state in the header or footer of your Four Point on your report and invoice – "Invoice is very important" - the person who pays for the inspection - owns the inspection – it is as defensible as Chinese Drywall. (Only the original owner of a Chinese drywall home has legal advantage – not the third party buyer)
The original owner of the report is the only one who has recourse.
If the Realtor arranges and pays for the inspection – even if acting in the interest of the buyer (as many are doing today to beef up closings) – the buyer of the home has no recourse against you. Even if you put the buyers name on the report itself.(But you must note : Ordered by and paid for by Sally Sue, Realtor)

Also – A service provided for free – has no value……..
Home Inspection w/ free Four Point – removes all valid legal repercussion of the Four Point. And the Home Inspection contract should – if its any good -protect you when you’re right.

[Zoe Fackler]

Here’s my problem with the whole Insurance Inspection process here in Florida. I am a home owner - so I am really peeved about this....
It takes 5 inspections to insure your home......
#1: The writing agent is responsible for verifying that the home exists and is insurable
#2. The client has to hire one of use to do a Four Point, or Roof Condition, or a Wind Mit
#3. The Underwriter sends out their own drive by guys to do what the Agent is legally responsible for and to check on our Four Point findings (as applicable)
#4. The Underwriter has their Drive by guys confirm the Roof Condition (all homes now over 25 years old)
#5. The Underwriter sends their own sub contracted RE-Inspect guys to verify any discount found via the Wind mit the client just paid us to do.

I can make this SO much simpler.
All Insurance companies should just do their own %#^%*)&%!!!!! inspections – we’re already paying for it through our premiums. So as a Home Owner – I say – Stop making me pay twice for the same ^%#$ service. JUST BILL ME!!!

Either that or based on our Home Owners premiums here in Hillsborough County – I need $175 for Wind Mits, and $125.00 for 4-points(which are now mini-home inspections) and the Roof condition I need $150 for so I can pay a roofer to go do the inspection " and" for me to be compensated for processing the paper work and photos..

But NO!!!- Can’t do that because of the low ball inspectors out there – I guess they live in apartments and rent.