Wind Mitigation Inspection
You Can Save On Your Insurance Premiums
Wind mitigation inspections have become a must-have requirement for reasonable insurance premiums. Most homeowners are aware of the benefit of getting these inspections and most insurance providers recommend getting one.
If you’ve had your home built or your roof replaced after March 2002, chances are, it qualifies for additional credit and reductions to your homeowners insurance premiums. Additionally, these inspections need to be re-performed every 5 years to continue to receive the credit.
The History Of A Wind Mitigation Inspection
In 1992, after Hurricane Andrew made it evident that Florida homes were not being built to withstand the local environment, lawmakers and insurance providers began the process of changing the Florida Building Code. The updated Code requires that home builders use construction attributes that make our homes better at surviving the high wind conditions frequently seen in our state.
In 2006, Florida state lawmakers took action and appropriated $250 million to create the “My Safe Florida Home" Program. The program was created to help Floridians identify and make improvements to strengthen their homes against hurricanes through free wind inspections and grant funds.
The Florida legislature directed the “My Safe Florida Home" Program to target its resources to homeowners living in single-family, site-built homes in Florida, by providing up to 400,000 free wind inspections and at least 35,000 grants to eligible homeowners. From 2006 to 2009, the program provided inspections to more than 400,000 homeowners and retrofitted nearly 33,000 homes.
The “My Safe Florida Home" program ended in 2009. Now, significant financial incentives exist for homeowners to protect their homes by rating structures based on wind vulnerability risk. This fact can translate into a plan that offers the first real opportunity to “fix” the problem of vulnerable housing stock in Florida. If given accurate and objective information, homeowners may choose to invest in mitigation rather than higher insurance premiums. This will produce a “win-win-win” situation for the homeowner, the insurer, and the government.