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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 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 Georgia Emergency Management and Homeland Security Agency or GEMA/HS is the emergency management agency for the U.S. state of Georgia.Its function is similar to that of the Federal Emergency Management Agency (FEMA) in preparing for and responding to disasters, and mitigating potential hazards.
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 ...
House Bill 881 extends the My Safe Florida Home Program to more properties, waiving the wind-born region requirement. Also, the insured value of the eligible homes increased to $700,000, and the ...
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
Insurers have noticed, too, with some offering discounts to homeowners in Firewise communities. The key is getting residents to take responsibility for mitigation work, experts say.
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.