Home Inspections in Miami – The Case of Wind Mitigation Discounts and Tips to Get Them
Did you know that you might be paying a sum too large towards your wind insurance premium? Are you aware that you can save up to 40% of your insurance costs by taking just a few simple precautionary measures?
That’s right! You heard correct. Don’t you feel that after fighting through the recession and making financial adjustments just to keep their homes, most homeowners throughout Miami are faced with steep property insurance rate hikes? What most people are not aware of is that each and every one of them is entitled to make savings up to 40% on the amount of insurance premium that they are paying. They do not know that their insurance policy carries this feature whereby they can take a few simple precautionary measures to avail of these discounts. And the insurance companies conveniently fail to educate them about this option.
These discounts are called Wind Mitigation Discounts and can be availed of after you have had your property inspected and passed through the scrutiny of a home inspector from Miami. This inspection is what will get your property to qualify for discounts on windstorm insurance. These discounts reward those who have wind-resistance features on their property that decrease the amount of damage that may occur during a windstorm. Less damage equals less cost to insurance companies. These savings are passed on to the homeowner in the form of wind mitigation discounts.
There are many factors that a home inspector will look into while evaluating your property for the purpose of these discounts including:
- concrete block construction
- gable end bracing
- impact resistant glass
- presence of a single or double roof straps
- type of roof covering
- use of window shutters
- reinforced garage doors
- presence of a secondary water resistance barrier
- Protection installed at the opening of the property
- Topography and location specific features, and many more.
Upon evaluating all these factors, your Miami home inspector will furnish you with a wind mitigation certificate. Your insurance company will utilize this certification and score to calculate the amount of discount and refund yu are entitled to as a home owner. Typically, you stand to save between 10% - 40% in the first year.
There are many reasons why these home inspections are important for the insurance companies as well as homeowners alike. Stronger, more wind-resistive houses have lower windstorm losses which are eventually costs saved by the insurance company. These savings are then passed onto customers in the form of discounts. Now that you are aware that such a discount exists for you to benefit from, what will be the next step?
Confused? Scared? You are not the only one who is! Many homeowners look at their homes in fear, and it seems as if every policyholder asks the infamous question, “Is everything okay? Will my house pass?” Just visit Assuranceinspection.net for the best home inspection services in Miami.
About The Author
Gregory Wilson is a notable home inspector in Miami who also likes to write extremely informative and relevant articles about real estate purchase and the precautions to take for the benefit of the people looking for property to buy. You can find the best tips and advice on making the best property purchases at Assuranceinspection.net recommended by him.