We will then be able to ensure that your insurance coverage fully meets your needs and guide you if any elements related to the security of the premises need to be reviewed.

Whether you’re looking to get a new homeowner’s insurance policy or renew the one you already have with us, we may require a home insurance inspection before you get approved. We outline what you can expect below.

What is the purpose of a home insurance inspection?

A home insurance inspection helps your insurance provider better assess the risk of insuring your home. It’s typically done on a case-by-case basis and is not as comprehensive as the inspection you might go through before buying a home. You may be required to get a home inspection in the following situations:

• You live in an older home
• You recently made structural changes or major renovations to your home
• You haven’t had a home inspection in a long time
• You’ve decided to switch to a new home insurance company
• You use a particular heating system such as a wood stove or oil furnace

What are the benefits of a home insurance inspection?

A home insurance inspection can support your financial well-being in the long run by making sure you’re adequately insured in the event something goes wrong. Some benefits to you include:

• Identifying potential hazards or preventing issues that could lead to major losses in the future.
• Providing a more accurate value of your home so you know exactly how much insurance you need.
• Offering prevention tips or improvement ideas to increase your quality of life.
• Highlighting ways you can receive discounts on your insurance premium, based on certain improvements or features in your home.

What does a home insurance inspection entail?

Insurance companies conduct home insurance inspections free of charge and arrange them at your convenience and with your consent. Depending on your situation, a qualified representative will either limit their inspection to the exterior of your house or conduct a more in-depth evaluation of your property. This includes looking at the following components:

• Your home’s heating, electrical, HVAC and plumbing systems
• Any wood-burning appliances
• The foundation of your home and the surrounding terrain
• Signs of structural or water damage, including cracks, stains, mold or mildew
• Signs of rodents or insect infestations
• Safety features such as smoke and carbon monoxide detectors, fire extinguishers, and anti-theft devices such as security and surveillance systems

The inspection may take anywhere from 15 to 60 minutes.

What can I expect after my home insurance inspection is completed?

After the Property inspector has completed the home inspection and issued a report, we will review your case and evaluate the results. If significant safety issues come up that can be remedied, you may be given the option to complete any needed repairs within a set deadline to continue your existing coverage. Your home insurance rate could also increase if potential liabilities have been identified that increase the risk of making a claim. On the flip side, it could also decrease if you’ve made recent home improvements.

As an insurer, our goal is to provide you with the right coverage to protect your property while also offering exceptional value. Our home and property inspections are just one of the ways we’re working to serve you better. Contact us today for advice on how you can reduce the risk of filing a claim in the future.