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The free wind-mitigation home inspections offered by the program are still available. ... completed improvements and disclosed their insurance premium discounts, they report an average savings of ...
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 ...
The average disbursement in 2023 was $9,183 per homeowner, according to an analysis of SB 7028, and nearly 50% of the homeowners who completed the process saw a discount in their insurance ...
Homes in South Florida built after 1994, meeting the construction standards introduced after Hurricane Andrew hit South Miami-Dade in 1992, are eligible for a minimum 68% discount on the hurricane ...
The Florida Insurance Guaranty Association board met on March 31 and filed for an emergency assessment of 1% on all Florida property insurance policies. [32] That is in addition to a 0.7% for 2022, a 1.3% assessment from July 1 2022 to June 30 2023, and another 0.7% ending December 31 2023. [32]
Discounts: Insurance companies are required by law to give discounts to owners who have taken steps to protect their homes from severe winds through improvements. Called wind mitigation credits ...
The Veterans Affairs Life Insurance (VALife) program is a new benefit that provides guaranteed acceptance whole life insurance to veterans with service-connected disabilities. Additionally, Traumatic Injury Protection under Servicemembers' Group Life Insurance (TSGLI) provides short-term financial assistance to severely injured service members ...
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 ...
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