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Install wind mitigation features: State law requires Florida home insurance companies to offer discounts for certain wind protection features, such as hurricane straps and other roof-bracing ...
Any homeowner who has received a wind mitigation inspection may apply for a matching grant if they: Provide proof of homestead exemption Provide proof the home is insured, to a maximum of $700,000 ...
A homeowner with windstorm insurance can often submit the results of a windstorm inspection to their insurer to obtain discounts on their windstorm insurance. In Florida, for example, premium discounts for certain favorable wind mitigation features are mandated by State law and can total 45% of the original policy's premium. In coastal parts of ...
Florida's homeowners insurance crisis has become a nightmare for many homeowners, driving them out of the state. Home insurance premiums continue to increase, with limited competition in the market.
New insurance companies in Florida must be approved by the Office of Insurance Regulation (OIR), which reviews the firm's business plan, projections and financial condition. The judgment of the OIR has been questioned because six of the 18 companies licensed to write "takeout" policies between 2007 and 2011 failed, even though Florida had no ...
Homeowners’ insurance policies usually cover damage from strong winds, including strong winds from hurricanes. But your policy might have a separate deductible for hurricane damage.
The $6,000 per year amount is really at the bottom of prices being quoted, with homeowners finding few choices given the reluctance of insurance companies to offer coverage in the area.
According to the News Service of Florida, as of Oct. 23: 20,926 My Safe Florida Home grants have been approved. $209 million has been earmarked for homeowners in various stages of home improvement ...
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