Floridians have had a rough time dealing with the increases in wind storm premiums. Subsequent to record insurance losses, the State of Florida has found an avenue of relief from this strain.
In 2003, legislation mandated insurance carriers to provide discounts, credits, or rate reductions for construction features that lend in making a home wind resistant. These "discounts" can be significant in nature, ranging from 26%-56% of the wind storm premium for homes located within a wind debris region. Although the insurance industry lacks the initiative to maximize their efforts in communicating these discounts to homeowners, the flow of information via media outlets and the web is driving consumer demand at an alarming rate.
With tougher talk from Gov. Christ, legislative updates and policies changes within the Florida Office of Insurance Regulation are mandates for insurance carriers specifying methods and tools to communicate these savings. There is also speculation of mandating wind mitigation inspections and certifications prior to binding homeowner insurance policies, new or old.
Recently, a poll conducted by Gold Coast Inspections, surveyed 300 clients and you will be amazed at the findings.
72% - Clients did not recall receiving any information regarding wind inspections prior to calling their agent about their drastic premium increases.
84% - Clients had not been receiving any wind storm discounts.
97% - Clients received additional savings from an existing policy after having a wind storm inspection.
99.5% - Of overall clients received discounts after the inspection
82% - Of clients were told by their insurance agents, the discounts were only for newer roofs and shutters
100% - Of clients would recommend this inspection to friends, family and neighbors.
IF WE CANNOT SAVE YOU MONEY ON YOU EXISTING WIND STORM PREMIUM, THE INSPECTION IS FREE!
GOLD COAST INSPECTIONS 954-753-3755
Serving Dade, Broward and Palm Beach Counties
Comments(4)