Everybody would like lower home insurance, right? The thing is most people have a possible solution just a phone call away and don’t even know about it. While many people living in the coastal regions of Florida have already taken advantage of this simple insurance rate reduction tool, the fact is a large percentage of people living in the central part of the State have no idea that a simple report could literally save hundreds, and in some instances thousands, of dollars on their homeowners insurance.
What is this report? It’s called the Wind Mitigation Inspection
This is an inspection that will cost you around $75 to $150 and will indicate whether your home has certain wind mitigation features present. Things such as your roof’s shape, whether you have hurricane straps, whether you have rated storm shutters, and the type of nails used on your roof can all result in discounts.
If your home was built prior to 2001 and you do not have a wind mitigation report on file with your insurance company, your insurance company will assume that you have no wind mitigation features present in your home – i.e. default insurance rates. With the inspection, however, your insurance company will discount the hurricane portion of your insurance. I have personally seen insurance premiums cut in half after the inspection.
Who benefits from the Wind Mitigation Inspection?
If your home was built prior to 2001 and†you have replaced the roof on your home after 2001 then you should definitely call your insurance agent as you will most likely save quite a bit. Lastly, your insurance agent should be a good source for a reputable inspection company. Keep in mind that the inspector is required to be licensed by the State of Florida and he/she will need access to your attic. Your insurance agent can help ensure that you’re not hiring an unlicensed, or unscrupulous, inspector.
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