If you’re house hunting, you’re probably looking at many elements like the number of bedrooms or how updated the kitchen is. Don’t forget to check for these things too, which which may help avoid future home insurance problems and insurance claims should you become the new owner.
An Aging Roof
Roof problems are one of the most common causes of home insurance claims. Serious roof damage often doesn’t just involve the roof itself; it can cause interior damage, especially from leaking water.
Poor Chimney Condition
While you’re having the roof inspected, be sure to have a look at the chimney too. Poor chimney and firebox construction or even a dirty chimney can result in a fire.
Old or Faulty Wiring, or an Outdated Electrical Panel
Of course, bad wiring or a faulty electrical panel presents an even greater risk of fire. Signs that an electrician might be needed include:
- An old electrical panel or one without circuit breakers (especially a model that has been recalled)
- Signs of electrical panel failure, like charring or melting
- An electrical panel and circuitry that’s not sufficient for modern electrical appliance demands
- Overloaded circuits (too many items on one circuit)
- Not enough electrical outlets
- No GFI outlets in the kitchen and bathrooms
- Flickering lights
- Lights or outlet use that constantly trips the circuit breaker
- Charring, melting, or loose parts around outlets and switches
Water damage is another common source of home insurance claims. Unless you plan to make major repairs, never buy a house that has plumbing problems. Not only could water damage create an insurance hassle for you or even force you out of your home temporarily, but it could also ruin precious, irreplaceable belongings. Pay special attention to homes with PSI of greater than 80.
Previous Water Damage
One key to the risk of water damage is signs of previous incidents. Check carefully for mold or mildew in the basement, foundation cracks, standing water outside close to the house, warped floorboards and under-sink spaces, poor sink drainage, and brown spots on the ceiling or upper walls (could also be from a leaky roof).
Most folks are concerned with their own health when purchasing a home. But they should also think about risks to others, like visiting friends or delivery people. These liabilities could result in a lawsuit if someone is seriously injured:
- Loose steps
- Tripping hazards
- Missing or inadequate handrails at stairs, decks and balconies
- Lack of fencing around a swimming pool
- Poor fencing, especially with dogs in the yard
History of Previous Claims
Ask if a home seller has filed insurance claims in the past. You might find out that what you thought was your dream home is costly or difficult to insure.
When you do find the home that’s right for you, you’ll want to be certain to insure it properly. The independent agents at Beasy Insurance Services offer a wide selection of home insurance options. We can also assist with extra protection like auto insurance, life insurance, and personal umbrella insurance. Contact us at 949-200-7710 to learn more, or request a quote online.