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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 federal government heavily underwrites the flood insurance rates for these areas. The law "ordered FEMA to stop subsidizing flood insurance for second homes and businesses, and for properties that had been swamped multiple times." [6] These changes were to occur gradually over the course of five years. FEMA was also instructed to do a study ...
The National Windstorm Impact Reduction Act Reauthorization of 2014 is a bill that would reauthorize the National Windstorm Impact Reduction Program (NWIRP), which was created to improve the understanding of windstorms and their impacts and to develop measures to reduce the damage they cause. [1]
The NFIP is managed and administered by the Federal Emergency Management Agency (FEMA) through the Federal Insurance and Mitigation Administration (FIMA). [2] 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 ]
The Texas Windstorm Insurance Association will vote on whether to raise the windstorm insurance tax rate by 10% at a board meeting on Aug. 6. Coastal Bend organizations oppose proposed 10% rate ...
The California FAIR Plan — the state-created insurer of last resort — started offering mitigation discounts in August. Its price reductions are more robust than several other large coverage ...
Wehadkee Farms Mitigation Bank 2008 Heard County ... Farm pond dam owned by the Georgia-Alabama Land Trust. Little Sandy Creek Mitigation Bank 2009 Butts County
While the 30-year fixed mortgage rate started decreasing from its 8% record highs, standing at 7.08% on Dec. 6, according to Mortgage News Daily, the figures are double where they were two years ...