NASHVILLE'S MOST TRUSTED INSPECTION AND CONSULTING COMPANY 615-302-1113
  • Home
  • Inspection Services
    • Sample Report
    • Repair Estimates
    • Pre-Offer Inspection
    • Inspections and Consulting
    • Pre-drywall Inspection
    • 1 Year Home Warranty Inspections
    • EIFS, Stucco & AMSV
    • Log Homes
    • Bank, Lender & Investor Inspections
    • Radon Testing
  • Home Inspections
  • Blog
  • 18 Month Premium Warranty
  • Free Warranties and More!
  • Litigation Consulting
    • Qualifications
  • About
    • Our Team
    • Qualifications
    • Areas Served
  • Contact
  • Schedule an Inspection Online
  • Home
  • Inspection Services
    • Sample Report
    • Repair Estimates
    • Pre-Offer Inspection
    • Inspections and Consulting
    • Pre-drywall Inspection
    • 1 Year Home Warranty Inspections
    • EIFS, Stucco & AMSV
    • Log Homes
    • Bank, Lender & Investor Inspections
    • Radon Testing
  • Home Inspections
  • Blog
  • 18 Month Premium Warranty
  • Free Warranties and More!
  • Litigation Consulting
    • Qualifications
  • About
    • Our Team
    • Qualifications
    • Areas Served
  • Contact
  • Schedule an Inspection Online
Search

16 Red flags to an insurance company or mortgage lender……..

4/14/2015

Comments

 
I have been asked a couple of time what are the "Red Flags" that trigger an insurance company to look at a home with the intent of dropping or not ever covering a home, or a mortgage not being issued.  This can be a serious problem when a person is trying to buy a home, or they have already bought it and then they are dropped.  Many insurers and lenders will not even entertain covering a home that is over 30-40 years of age without an inspection of the major systems.  They call them 4-Point inspections.

Over the years I have seen the following electrical items cause problems with obtaining insurance or a mortgage:
  1. Knob and Tube wiring
  2. Fuse panels (old screw in type fuses)
  3. Federal Pacific Electric panels (FPE)
  4. Zinsco electrical panels (also known as Sylvania/Zinsco)
  5. 60 Amp service



I have also seen the following items causing problems with coverage:

  1. EIFS clad homes
  2. Homes with a previous history of water damage
  3. Homes located in a flood zone
  4. Lead water pipes
  5. Hail damage to the roof and other items around a home
  6. Foundation problems
  7. Severe termite damage
  8. High levels of radon gas without a mitigation system
  9. Poor drainage around the home
  10. Septic tank problems
  11. Missing or no permits when the home was built
I'm sure others could add on to my list, but this is just what I have been involved with over the years.  Needles to say, agents need to be advising all of their clients that they need a home inspection.  Regardless of the age or condition of the property.
Comments

    Author

    Scott Patterson has been a professional home inspector since 1995 and works out of the Greater Nashville TN area. You can contact him at his office 615-302-1113 or on his cell at 615-870-4162 via text or voice.

    Picture

    Archives

    December 2020
    November 2020
    September 2019
    September 2018
    April 2018
    March 2018
    August 2017
    May 2017
    February 2017
    October 2016
    September 2016
    July 2016
    June 2016
    February 2016
    September 2015
    June 2015
    May 2015
    April 2015

    RSS Feed

We have only one client and that is you!

  • Home
  • Inspection Services
    • Sample Report
    • Repair Estimates
    • Pre-Offer Inspection
    • Inspections and Consulting
    • Pre-drywall Inspection
    • 1 Year Home Warranty Inspections
    • EIFS, Stucco & AMSV
    • Log Homes
    • Bank, Lender & Investor Inspections
    • Radon Testing
  • Home Inspections
  • Blog
  • 18 Month Premium Warranty
  • Free Warranties and More!
  • Litigation Consulting
    • Qualifications
  • About
    • Our Team
    • Qualifications
    • Areas Served
  • Contact
  • Schedule an Inspection Online