wind storm inspections: How Windstorm Inspections Can Benefit Your Client
- 12/20/07 04:13 AM
Recently, legislation was passed requiring insurance companies writing homeowner policies in Florida to offer rate reductions, credits or other discounts toward the windstorm premium for certain construction features that lend in minimizing damage due to windstorm activity. The theory behind these rate reductions is; a homeowner should not be required to pay an elevated premium when the construction methods and/or components used in building the home minimizes potential risk and/or loss. Some of the construction features include; hip style roof, CBS exterior wall construction, certain roof decking materials, truss straps, newer applied roofing materials, FBC compliant garage doors, impact windows and other … (0 comments)
wind storm inspections: Florida Office Of Insurance Regulation Minimizes Problems With The My Safe Florida Home Program
- 12/17/07 08:14 AM
The My Safe Florida Home program has spent the majority of its money, despite being far short of its target goal of 400,000 free hurricane inspections. It has identified issues in its inspection process: insufficient training, unqualified inspectors and confusion about basic building features. It also has spent months bragging that the inspections helped homeowners across the state save hundreds of dollars each in insurance premiums, a claim the head of the Department of Financial Services concedes she can't prove. Chief Financial Officer Alex Sink, in a recent interview with The Tampa Tribune, downplayed any problems. "Let's put this in perspective. We've done … (0 comments)
Recently, legislation was passed requiring insurance companies writing homeowner policies in Florida to offer rate reductions, credits or other discounts toward the windstorm premium for certain construction features that lend in minimizing damage due to windstorm activity. The theory behind these rate reductions is; a homeowner should not be required to pay an elevated premium when the construction methods and/or components used in building the home minimizes potential risk and/or loss.;)
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