“Home inspections are very common and are required by most, if not all, insurance companies. Don’t worry; this is not automatically a bad thing!
A home inspection can be beneficial because the inspector can help find additional discounts for preventative measures like alarm systems and storm shutters that lower your premium. They will also take note of higher-end materials and fixtures to make sure you are adequately covered.
Your insurance provider also wants to make sure they aware of any risks your home might pose to you or others. The following are a few items they will look out for:
- Fire hazards
- Out of date electrical wiring
- Lead paint
- Water damage
- Liability risks
If the inspector finds lead paint in your home, they will provide you with contacts and information on how to have it removed, or if good maintenance like a fresh coat of paint will be sufficient. Most homeowners policies have an exclusion for lead abatement and liability claims.
If you see an increase in your policy after the home inspection, it may be a good time to re-shop both your home and auto insurance policies. You can search for home and auto quotes online
or work directly with an insurance broker like Jerry.
is a free
app that helps you compare rates from the top 50 companies in under a minute, saving you time and money.”