When you buy a new property, one of the most important documents you’ll receive is a home or property inspection report.
Take this report very seriously!
These reports are conducted during the escrow period and they serve to make the new owner aware of any issues with the property. Be a prudent property owner and have those issues fixed by trusted and licensed contractors and be sure to document everything in a property inspection file.
“The maintenance of your property is YOUR responsibility, it is not your insurance company’s responsibility,” says APA Principal Hratch Ghazarian. “If later you suffer an insurance-related loss and you file a claim, it is absolutely reasonable for an insurance company to make a request for your property inspection report.”
Insurance companies will look at that report to see what issues you were made aware of when you purchased the property and what you did to address them. Even if you have owned a property for a while and you’re unsure of what was on the inspection report, we recommend you find it, review it, and address any outstanding issues ASAP. An up-to-date maintenance record will show your insurance company you did everything in your power to keep your property maintained and in good condition.
If your home or business has suffered damage, contact APA for a free consultation. The consultation is no risk, no obligations. We’ll help you decide what to do next, at no cost to you. If you have any questions, please call (888) 812-5246 or email our office at Allied@alliedpa.com.