A wind mitigation inspection lets home insurance companies know how well your home can withstand hurricane-strength winds — and can help you save up to 55% on your home insurance premiums.
How much is the Florida wind mitigation discount?
Savings Tip for Homeowners Insurance: Wind Mitigation Credits – Lott & Gaylor Insurance Depending on where in Florida you reside, the windstorm portion of your homeowner’s insurance premium can range from 15% to 70%. Depending on the construction of your home and how well it is designed to resist potential windstorm damage, these premiums can be drastically reduced.
The more wind-resistant features your home has, the less likely it is that you will incur expensive windstorm damage. Discounts/credits on premiums for wind-resistant construction can reach up to 30%. Wind mitigation credits, when applied to your windstorm premium, can significantly reduce your overall policy premium, potentially saving you hundreds of dollars.
When you do the math, the inspection is more than paid for by the credits. Homes constructed prior to 2002 do not automatically qualify for wind mitigation credits; therefore, an inspection can save you a lot of money! In addition, an inspection is generally valid for up to five years; however, requirements may vary by carrier.
Can a Four-Point Inspection Be Failed?
How much does Florida wind insurance cost?
Therefore, Florida homeowners spend an average of $2,674 annually in insurance premiums to safeguard against hurricane damage. In addition, every homeowner in Florida is subject to a unique deductible for storm damage.