Home Insurance Terms

Free Insurance Comparison

Compare Quotes From Top Companies and Save

secured lock Secured with SHA-256 Encryption

Home » Understanding Home Insurance
4-Point Home Insurance Inspection: Everything You Should Know (2024)Post

4-Point Home Insurance Inspection: Everything You Should Know (2024)

A 4 point inspection examines four major systems of a house or condominium, including roofing, plumbing, HVAC, and electrical. Homeowners usually request a four-point inspection because an insurance company has requested it before renewing or issuing a homeowners insurance policy. This is particularly common for homes over 20 years old since they represent a higher...

A 4 point inspection examines four major systems of a house ...

Insurance-to-Value (ITV) Ratio: Homeowners Insurance Terms Explained (2024)Post

Insurance-to-Value (ITV) Ratio: Homeowners Insurance Terms Explained (2024)

The insurance-to-value ratio is a way to calculate whether or not a home is properly insured. It is the ratio of the amount of insurance coverage you have on your home compared to replacement cost of your home. The reason this is important is two-fold: if the ratio is too high, you are probably spending more than you need to on your home insurance, and if the ratio is too low you could be faced with huge out of pocket expenses if you suffer a loss, even one that damages but does not destroy the home.

The insurance-to-value ratio is a way to calculate whether o...

Free Insurance Comparison

Compare quotes from the top insurance companies and save!

secured lock Secured with SHA-256 Encryption