Hurrican Shutters

Installing "Peace of Mind"

Wind Mitigation For Homeowners Insurance

Posted by cat5shuttersllc on September 24, 2013

Wind Mitigation For Homeowners InsuranceFacts about Wind Mitigation Inspections:

Windstorm Insurance rates are reduced substancially with a Wind Mitigation Wind Inspection. From a few hundred dollars to a few thousand dollars depending on value of the home and the amount of protections you have. A wind mitigation inspection verifies construction methods that create wind mitigation discounts based on those methods providing greater protection from wind hurricane damage.
With the “My Safe Home” program discontinued by the State of Florida, wind mitigation inspections should only be conducted by Licensed Building Contractors or Architects Certified by the State of Florida, your insurance provider would send out their inspectors unless you would like another opinion. Buyer should get an inspector out if any upgrades to any type of hurricane protection is done on their home. They can call their insurance company whom would be able to send out a license inspector.

All of the following structure types qualify for Wind Mitigation Inspections:

Single Family Homes
Multi-Family Buildings
Commercial Buildings
Condominiums
Townhomes

Discounts Occur when Dwelling Structures have Elements that
Minimize Damage from High Wind Events like Tropical Storms and
Hurricanes. They include:

Actual Roof Shape
Reinforced Roof Decking
Roof Shingle Attachment Method
Shutter Protection Over Your Windows
Hurricane Straps and/or Hurricane Clips
Hurricane protection on all Doors and Windows
Other Wind Resilient Construction Techniques…

According to Florida Statute 627.0629, ALL insurance companies are required to offer Florida homeowners “discounts, credits, or other rate differentials…” for particular construction techniques that help to reduce wind damage caused by hurricanes, tropical storms and other windstorms related claim. However if you do not contact your insurance company about these discounts they will not offer them. Insurance companies will just assume no protections is on the property until other wise notified.

Wind Mitigation Discounts

Wind Mitigation discounts are applied towards the windstorm portion of your total insurance premium. Depending on where you are located in Florida, the windstorm portion is between 15% and 70% of the total premium. Premium determination is very complex and actual dollar discounts are not calculated here. For exact quotes, you must contact your insurance agent or the individual insurance company in question. The three main factors for wind mitigation discounts include:
The number of wind resistive construction features present on your condo or home – The more wind resistive features you have, the higher the total discount will be for your property. The discounts can be as high as 30% or more of the wind portion of the insurance premium.

The location of your condo or home – Discounted wind insurance rates are adjusted according to where your property is located within the state. If your wind insurance rates are high, then the percentage discounts will be greater for a condo or house in a high rate area versus the same condo or house in a lower rate area.
The value of your condo or home – High value condos or homes have higher premiums. Therefore, the value of the discounts will increase with the value of the condo or home.

Will You Qualify For Wind Mitigation Discounts?

Wind mitigation discounts are justified because stronger, more wind-resistive houses have lower windstorm losses. Lower windstorm losses equal reduced costs to insurance companies that are then passed on to the consumer. Many homeowners have taken advantage of the insurance discount incentive and strengthened their existing condo or home using the strongest options in the Florida Building Code. The discounted insurance rates in Florida apply to both existing construction (condos and homes built prior to 2002) and new construction built to the new statewide Florida Building Code (FBC).

The Following Items are Building Features that Reduce Wind Damage.

Shingles or other roof coverings that meet the Florida Building Code requirements

Roof decking that has been installed with larger nails or screws with closer spacing

Hurricane clips and/or straps that secure the roof structure to the supporting walls

Full or partial protection of windows and glass doors with impact resistant glazing or other protection methods.

Secondary water resistance barrier that prevents the roof from leaking if the shingles are blown off in a windstorm.

Take a look around your home and  see if anything can be upgraded or if anything needs to be done. CAT 5 Shutters, LLC can come out and give free estimates on hurricane protection needs. It just might save you a few bucks on your insurance premiums. Visit us at www.cat5hurricaneshutterswpb.com.

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