Save Money on Homeowners Insurance – Q&A

by October 7, 2009 • 4 comments

Lucky for me real life gives me my subject matter every week and this week I have some great information about a friend on Facebook, and he had a GREAT article with FAQ on Wind Mitigation – so I get to borrow it for you. WE Floridians are blessed with incredible beaches, endless coastline and some pretty fabulous weather but along with that comes our exposure to tropical weather that can bring on those ill fated hurricanes. Because of this we tend to have some hefty insurance cost but now there are some things that you can do to mitigate that with the help of your FAVORITE home inspector.

Q. What is the purpose of the Uniform Mitigation Verification Form that can help reduce Florida Homeowners Insurance?

A. To identify construction features that reduce wind damage and loss

Q. How much can an inspection lower your homeowners insurance?

A. You can save anywhere from as much as 50% but in most cases 20% to 40% is typical. This depends on many factors along with the company that you are using for your insurance

Q. What is the average cost of the inspection?

A. The cost is anywhere from $100 to $150 but some inspectors include it with some of their inspection packages. (for a list of inspectors that do this just let us know and we will get you their names)

Q. How long is the inspection good for?

A. The verification form is valid up to five years provided no material changes have been made to the structure.

Q. What qualifications and licensing does an inspector need to have?

A. In order to take advantage of the discounts, most homeowners will need a licensed professional to inspect the home and legally verify improvements.

Q. Do inspectors’ licenses qualify them for the entire state or specific counties?

A. These professionals are qualified for the entire state of Florida.

Q. Is there a Florida state law supporting this inspection? In other words, are insurance companies required to lower your insurance with certain findings?

A. Yes. In 2005, the Florida Legislature enacted a law requiring all residential property insurance companies to file with the Office of Insurance Regulation a range of premium discounts they propose to offer. Insurance companies issuing new homewoners’ insurance policies on or after October 1, 2005 or the first renewal of a homeowners’ insurance policy, must let policyholders know they can get discounts if they strengthen their homes against hurricane damage.

This information should get you started on your road to a cheaper insurance policy. In our business we have had the privilege of working with some great inspectors in our area so if you need some names of some highly qualified inspectors just give us a shout and we will get that information to you. As always thanks for tuning in to the beach show and letting us share our lives with yours. It is our great joy and to think I get paid for this. . . what a life!!!

Special thanks to Richard Pickle for the inspiration and information to share with you

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1 Shelly Bowden October 7, 2009 at 2:43 pm

Countdown on to retirement in PCB! Nice article-good info. Thanks.


2 karen Smith October 13, 2009 at 7:09 am

Thanks Shelly… so glad you are reading. Yahooo for retirement. Does that mean that we can play more golf in the future at Sharks Tooth. I am optimistic that with enough time I will learn to golf as good as I can curse out there. Off to do the beach show so tune in


3 October 13, 2009 at 8:01 am

The 20%-50% you are describing is not the discount off your overall premium; it is typically expressed as a discount off the wind portion of your policy. You can go to the website to check the amount of discount you can expect for mitigation devices such as Hip Roofs; Roof Deck Attachments; Roof To Wall Attachments; Gable End Bracing; Secondary Water Resistance; and Opening Protection such as hurricane shutters or impact resistant windows and doors you have on your home. You can also go to this link which takes you directly to a calculator for your discount.

Jacob Lehtio
Gail Force Protection, Inc.
“Local Manufacturer of Building Code Approved Hurricane Shutters”


4 karen smith October 13, 2009 at 8:24 am

Awesome… I love it when you smart folks chime in!!! I took the information straight off a friends website who is an inspector. I don’t even play one on TV so thanks for helping us out with such great info. I plan on doing part 2 for my article this week. I think a lot of people in Florida do not realize that in many cases our insurance has gone down this past year or so. Again I really appreciate your knowledge on this subject. Great and adventurous day to you.