What are the inspection rules on older homes?
Inspection rules are as follows: • Risks 30-49 years old must submit a 4 point inspection to Underwriting and if acceptable Underwriting department will grant binding authority. • Risks 50 years and older – a home’s HVAC (including ductwork), roof, electrical, and plumbing must be completely renovated in the last 15 years and this documentation must be submitted to Underwriting showing proof of renovations. If acceptable, Underwriting will order the pre-bind inspection. The pre binding inspection takes up to 30 days to get completed and the policy remains unbound during this time. For renewals, Underwriting will review the 4 point inspection on file, if available, and determine eligibility based on the renovation rule stated above. If the 4 point shows the renovations meet the 15 year (except for roofs need to be 19 years for everything except tile and certain metal) rule they will order a company 4 point inspection to be conducted. The company inspection report will be used to verify
