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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 ...
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 ...
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 ...
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 ...
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]
Miami-Dade County was the first in Florida to certify hurricane-resistant standards for structures which the Florida Building Code subsequently enacted across all requirements for hurricane-resistant buildings. Many other states reference the requirements set in the Florida Building codes, or have developed their own requirements for hurricanes ...
The longer you go without filing a claim, the more you typically stand to save on home insurance with this discount. Most insurance companies give the discount after you have been claims-free for ...
The program is designed to provide an insurance alternative to disaster assistance to meet the escalating costs of repairing damage to buildings and their contents caused by floods. [3] As of August 2017, the program insured about 5 million homes (down from about 5.5 million homes in April 2010), the majority of which are in Texas and Florida.