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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 ...
Rising sea level is likely to increase flood insurance rates, while more frequent storms could increase the deductible for wind damage in homeowner insurance policies. Parts of Savannah and Brunswick are vulnerable to coastal flooding, which is likely to become more severe as sea level rises." [3]
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 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 ...
A case study of Niger showed positive cost and benefit results for preparedness spending across 3 different scenarios (from the absolute level of disaster loss, to the potential reduction in disaster loss and the discount rate), estimating that every $1 spent results in $3.25 to $5.31 of benefit. [41]
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 ...
Georgia power outage map. In Georgia alone, more than a million people were without power as of about 3:30 p.m. ET Friday, according to USA TODAY's tracker. Chatham County had the most residents ...
A flood insurance rate map (FIRM) is an official map of a community within the United States that displays the floodplains, more explicitly special hazard areas and risk premium zones, as delineated by the Federal Emergency Management Agency (FEMA). [1]