It’s possible that insurance payments can be affected for the better when you have a home insurance inspection carried out. In the past, insurance companies have pushed homeowners into limited insurance options with a forced cancelation of their current policy.
An insurance company can easily cancel their policy coverage if the inspection brings back any areas of concern. It is in the homeowner’s best interests to ensure all maintenance is regularly performed, and the home’s surrounding area is kept clean and in top condition. As example, keep trees near the home’s roof trimmed back.
The thing with insurance companies is they can require an inspection at any time, so as a homeowner, make sure to keep on top of maintenance issues. Try to keep the home’s condition in the best possible shape, leaving the insurance companies little reason to cancel your current coverage.
You want to keep insurance premiums at the lowest possible cost, while still insuring the house for its full replacement costs. The insurance on your property is meant to rebuild it in its entirety should it be destroyed in a fire or damaged in a storm. That is a high cost to pay out, which is why the insurance companies request a home insurance inspection.
On receiving notice from the insurance company a home insurance inspection is required to renew your policy, make sure you are ahead on any chores needed done. Clean the yard, de-clutter garages, and storage spaces making them easily accessible. It is good practice to keep the idea of a home insurance inspection happening at any given time. This keeps you on your toes and ready for when it’s called into action.
So does a home inspection affect your insurance? Yes, it does, and it can go either way (a decrease or increase in premium), depending on the inspection. Get on top of the repairs needed in your home today, and when the insurance company calls, not only are you ready, but your property is too.
