Do Wind Mitigation Inspections Reduce Home Owners Insurance Premiums?

Do Wind Mitigation Inspections Reduce Home Owners Insurance Premiums?
Posted by Raymond Smith, Jan 08, 2014 10:12 AM

Chances are, if you live in coastal Florida your insurance agent has asked if you have wind mitigation protected on your property. If your response was a blank stare, then this is the blog for you.
Following a very active tropical storm season in 2004 & 2005 many insurance companies went bankrupt due to the overwhelming amount of claims and the costs of reparation. Thus, Wind Mitigation reports became valuable information to the status of a home’s possible damage in a wind event. Wind Mitigation Inspections determine the appropriateness of the inspected structure’s construction in strong winds, such as hurricanes. Inspections take into consideration features that are proven to reduce losses in hurricanes including: concrete block constructions, having gable end bracing, clips or hurricane straps and having a hip roof. After the inspection, you are provided a statistical report predicting how your home would be impacted in a hurricane.

Many of the recent building code changes have been in the area of roof and window protections. Currently, new home construction homes are built with roof coverings that are tested for 130 mph winds. The roofs on these homes are now attached to their homes with strapping instead of just nails, making a more secure connection. With these changes, new homes are better prepared for greater wind forces than their older houses in their neighborhood.

But, how can a Wind Mitigation Inspection save me money?

Having a positive Wind Mitigation report to provide to your insurance provider can save you up to 50% on your annual premiums.

Should you have a inspection done and have a less than favorable report, you’ll have a true understanding on where the best place to invest in your home’s repair should be. Once you’ve made adjustments to better protect your home, have a second inspection done and present that to your insurance company.

If you had a Wind Mitigation report done, but have since made upgrades to your home, be sure to get an updated report. Contact your insurance agent to be certain that you receiving all the discounts based on your mitigation report.

Smith Insurance Agency, Inc.
"Protecting Families in FL"

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Do Wind Mitigation Inspections Reduce Home Owners Insurance Premiums?

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