Wind Mitigation 101By Shannon S Morgan, CIC, CPIA
After the unusually active Atlantic hurricane seasons of 2004 and 2005, homeowner insurance rates were at an all-time high and very few companies were writing new policies. Recognizing that newly built homes or older homes that had been properly mitigated for hurricane losses were at a lower risk of suffering damage during a storm the Florida Legislature passed a bill requiring admitted insurance companies to provide discounts to homes and other residential structures such as townhomes and residential condominium associations that meet certain criteria. At first each insurance company had their own wind mitigation form (wind mit) that the homeowner needed to have completed by a qualified inspector. The forms were inconsistent and if you wanted to change insurance companies in following years you would need to pay to have the inspection redone on the wind mit of your new insurance company. So, in 2006 the Office of Insurance Regulation (OIR) designed a standardized wind mit form that all insurance companies in Florida would accept. They have since updated the form twice. The new form now requires photos backing up the data on the form. The most current version is from 2012. You can find a copy of this form below.
Let’s break this form down into the parts that influence your insurance premiums.
The wind mit form is not a “pass” or “fail”. You can qualify for certain credits, without qualifying for another. If you have any changes to your home that would affect your credits (such as installing a new roof) you will want to provide your agent or insurance company with a newly completed form to take advantage of the better discounts. You may use any qualified inspector of your choice. Your agent can also recommend a qualified inspector in your area.
If you have any further questions about wind mitigation credits or residential property insurance, please contact one of our knowledgeable agents at 239-263-3455.
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