Home insurance companies typically schedule both routine and special home inspections in order to verify the condition of properties and look for any changes that could cause different levels of liability and trigger changes in policies. It’s good for homeowners to generally be aware that their residence will be scheduled for an exterior inspection on a regular basis and to understand how insurance companies monitor the properties that they cover.
Typically, there is nothing in particular that homeowners need to do in order to accommodate the exterior inspection. They should be prepared to address any results of those inspections that may come to them in writing from the insurance company. In some cases, the insurance company may request an interior inspection of the home.
It’s also a good idea for homeowners to anticipate these inspections and keep the exterior of the property looking clean and safe. This includes removing any debris or trash or any non-functioning items that could pose a risk to visitors. Homeowners also need to keep all of the amenities and installations on a property in good working order and outfitted with all of the safety features they need in order to protect anyone who may happen to come onto the property.
Exterior Inspection Results
A routine exterior inspection can turn up various items that can cause rates to change. A building that is vacant for any period of time may be represented as an increased risk. Changes in the heating and cooling apparatus or other major exterior systems of a home can also cause rate changes – homeowners should be aware of the possibility that they will get a letter after an inspection that will inform them of what a home inspector has seen and how that can affect their insurance policy.
Unfortunately, many homeowners encounter situations where they are taken by surprise when an inspection results in new underwriting, changed rates or even the cancellation of a policy. One way to protect against this kind of unpleasant surprise is to keep in close consultation with insurance company representatives and make sure that your property is properly represented in its existing home policy. Informing insurance companies of changes upfront can help ensure that inspections don’t produce a lot of trouble down the road. Knowing about these inspections can also make a homeowner a savvier shopper and someone who can negotiate with insurers when a discussion of rates becomes necessary.
To learn more about home inspections conducted by Michigan home insurance companies, give Insurance Planning Service a call at 800-220-5582.