Key Takeaways
- Four structural gates (Monitor, Repair, Major Remediation, Condemn) are defined by engineering criteria for settlement, cracking, and movement.
- Soft-story and unreinforced masonry buildings in seismic zones face mandatory retrofitting requirements.
- Structural findings can cause insurance exclusions, higher deductibles, and lender loan modifications or declines.
- Get insurance quotes and lender feedback incorporating structural findings before finalizing the acquisition decision.
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Test Your Knowledge
1.What are structural decision gates for acquisition?
2.How do seismic considerations affect structural assessment?
3.How do structural findings affect insurance and lending?