Depending on where you live in Florida, the windstorm portion of your homeowners policy premium is typically between 15% – 70%. A wind mitigation inspection can drastically reduce those premiums, depending on the construction of your home and how well it is designed to withstand potential windstorm damage.
The more wind-resistive features your home has, the less likely you are to have a costly windstorm loss. Premium discounts/credits for more wind-resistive construction can be as high as 30%. When applied towards your windstorm premium, wind mitigation credits can greatly reduce your overall policy premium – potentially saving you hundreds of dollars. When you do the math, the credits more than pay for the cost of your inspection.
Homes built prior to 2002 do not automatically quality for wind mitigation credits, so an inspection can go a long way towards saving you money! Also, an inspection is generally good for up to 5 years; requirements may vary from carrier to carrier. Newer homes and condos built to meet Florida Building Code requirements automatically receive wind mitigation credits. However, a wind mitigation inspection could provide further credits based on the type of shutters the home has installed.
