Disaster Mitigation: Is any action or measure that either helps prevent or holds off the occurrence of a disaster or reduces the severity of its effects.
Two-story luxury stilt home design built oceanfront with ground level breakaway walls.
FLORIDA WINDSTORM INSURANCE DISCOUNTS
Windstorm construction features protect your home from catastrophic hurricane damage by strengthening your homes ability to withstand the uplift, shear and lateral forces of the wind associated with a hurricane to the exterior shell of your home. The features enhance the vulnerable components of your home's protective shell or envelope by fortifying your roof, exterior walls, windows and doors so they will not breach or fail in high winds. If this protective shell or envelope is breached, not only can wind-driven rain and debris enter your home causing considerable damage to its interior, but the high winds can enter your home and exert pressure on your walls and roof leading to catastrophic damage to your property.
Most existing houses have one or more wind resistive construction features and may qualify for some insurance discounts with Citizens and most other insurance companies. In addition, houses built 1996 or later in Miami-Dade or Broward Counties and houses built on or after January 1, 2002 in the rest of the state have many wind resistive construction features and will likely qualify for credits.
What construction features qualify for discounts from most Florida insurance companies?
The following items are building features that reduce wind damage for which many insurance companies offer wind premium discounts..
1. Roof coverings such as shingles that meet the FBC Requirements. 2. Roof decks that have been installed with large nails and close spacing. 3. Hurricane clips/straps that hold the roof structure to the walls. 4. Protection of Openings such as windows and glass doors with impact resistant glazing or other protection systems. 5. Secondary Water Resistance that prevents the roof from leaking if the roof covering is blown off in a windstorm. 6. Newly Constructed Homes built to the Florida Building Code since March 1, 2002 7. Homes built to the South Florida Building Code in Miami-Dade and Broward Counties after 1994.
Please note that insurance companies may have more features that qualify for credits such as doors and gable end bracing.
What is the value of the Insurance Discounts?
The dollar value of the discounts depends on three primary factors.
The number of wind resistive construction features present on your home - Some individual features may qualify for 10% discount and others only a few percent. The more wind resistive features you have, the higher total discount will be. The discounts can be as high as 40% or more of the wind portion of the insurance premium. (The portion of your premium that is for wind losses is provided on your policy declaration page).
The location of your home-Wind insurance rates vary by location within the state. If your wind insurance rates are high, then the percentage discounts will result in more dollars for a house in a high rate area versus the same house in a lower rate area.
The value of your home- Discounts are calculated as a percentage of the wind premium for your specific home. High value homes have higher premiums, hence, the dollar value of the discounts will increase as the value of the home increases.