What’s Involved with a Home Inspection?
A home inspection is a thorough examination of your home by an expert to determine the home’s current condition. It usually takes about three hours and costs around $300-$500 depending on where you live, the square footage of your home, and the age and condition of your home. The purpose behind this step in obtaining homeowners insurance is so that the home insurance company knows what they are insuring. Thinking of getting homeowners insurance? Give our friendly, licensed agents in Ohio, Maryland, West Virginia, and Maryland a call, so we can discuss your homeowners insurance options with you.
If Repairs are Needed…
Home inspections are often required before you can get home insurance. There are instances in which home repairs will be needed for you to qualify for home insurance. For example, if your roof is leaking or needs a new gutter system then that could prevent you from getting home insurance until it’s repaired.
How to Pass a Home Inspection
If home inspectors determine that you need home repairs, the next step is to see what kinds of home repairs are needed. This way, you can go about making these home renovations and not have any problems getting your home insured! There may be a waiting period before your home inspection results are reviewed by your insurer. Once they’ve completed their review of your results, you will then receive an email or phone call from your insurer with information on how much it will cost to insure your home.
What if My House Fails the Inspection
If home repairs are needed, an expert will let you know what kinds of enhancements are needed so that you can make them before buying homeowners insurance coverage. It should also be noted that there may be a waiting period between getting home inspections.
Do I Need a Home Inspection?
Whether you do or don’t need an inspection to get home insurance depends on where you live. If home repairs are required before home insurers cover your home, then yes, a home inspection is absolutely necessary in order for you to qualify! However, if there aren’t any damages or problems with the property that would prevent it from being covered by homeowners insurance then no, an inspection may not be necessary.
Disclaimer: This blog post is meant for general informational purposes only and may not reflect your specific policy.
About the Author: Alekha is an expert in the insurance space and has been with the Malhotra & Assoc. Insurance team since its inception. Alekha works to provide expertly written and researched content for the Maholtra & Assoc. Insurance agency.