Navigating Property Insurance in Florida

Key Coverage: Hurricane and Windstorm

Hurricane and windstorm coverage are critical for Florida homeowners. Reducing exposure to storm damage can significantly cut your premiums. One effective and affordable strategy is to have a Wind Mitigation inspection. This inspection documents your home's construction features that enhance its resistance to high winds, potentially leading to premium discounts.

Wind Mitigation Inspections

Wind Mitigation inspections, frequently referred to as a "wind mit", are often paired with 4-Point inspections. These inspections review:

• Roof Covering: Type, age, and compliance with building codes.
• Roof-Deck Attachment: Nail and fastener details.
• Roof-to-Wall Attachment: Number and type of metal straps or clips.
• Roof Shape: Hip roofs (four sloping sides) are preferred.
• Secondary Water Resistance: Barriers protecting against water intrusion.
• Opening Protection: Impact-rated windows and doors or storm shutters.
• Building Construction: Material type (concrete block, wood frame, etc.).

Important Note on Flood Insurance

Hurricane and windstorm coverage do not include flood insurance, which requires a separate policy.

Who Can Perform Wind Mitigation Inspections?

Florida-licensed home inspectors, building contractors, engineers, architects, or code inspectors can conduct these inspections and provide a standardized report for your insurance company. This report, called the Uniform Mitigation Verification Inspection Form, verifies the updates and preferred attachments in your home, accompanied by photos.

Benefits and Costs

A Wind Mitigation inspection for a single-family home typically costs under $200 and can result in noticeable premium savings, often around 15% annually. Beyond savings, these inspections can guide homeowners in strengthening their homes against storms for safety and structural integrity.

Wind Mitigation for Condominiums

Owners of low and mid-rise condominiums can also benefit from Wind Mitigation inspections, although these may cost more than inspections for single-family homes. High-rise condominiums have different considerations and require specialized inspections.

Validity and Updates

Wind Mitigation reports are valid for five years. Major roof repairs or replacements necessitate a new report to ensure your insurance company recognizes the enhanced protection of a newer roof, potentially qualifying you for further discounts.

What is a 4-Point Inspection

Certain insurance companies may require four-point inspections before issuing a policy. While each company has its specific guidelines, homes over 30 years old typically require a four-point inspection. The inspection covers:

• Electrical: Breaker panel condition, wiring type, and grounding.
• HVAC: Age, functionality, and working condition.
• Plumbing: Pipe condition, leaks, and water heater details.
• Roof: Material, age, damage, and leaks.

Benefits of 4-Point Inspections

A 4-Point inspection can help homeowners address deficiencies before they become major issues, making it easier to obtain insurance coverage. Providing a pre-listing 4-Point inspection can also reassure potential buyers. For current homeowners, updating your insurance company with a new 4-Point inspection after upgrades or repairs can help maintain or reduce premiums.

Final Thoughts

Understanding and utilizing Wind Mitigation and 4-Point inspections can play a crucial role in reducing insurance premiums and safeguarding your property. For detailed coverage, deductible, and exclusion information, consult a Florida-licensed insurance agent. And don't hesitate to contact a licensed home inspector to perform these inspections it could save you substantial money on your insurance premiums.