Hey there! Wind mitigation is basically a cool way to make your home stronger against storms and hurricanes, and guess what? It can also save you some bucks on your home insurance! How? Well, by getting a wind mitigation inspection. A wind mitigation inspection is like a superhero check for your home. A pro comes in to look at things like your roof, windows, and doors to see how resistant they are to wild winds. And here’s the awesome part – depending on where you live, this inspection can score you sweet discounts on your home insurance, ranging from 10% to a whopping 70%!
In this article, we’re diving into the nitty-gritty of how much you can save, the cost and time of a wind mitigation inspection, and the cool features that make your home wind-resistant. Whether you’re in a storm-prone area or not, investing in wind mitigation is a smart move for any homeowner. Curious to know more? Keep reading!
How Much Can You Save on Insurance with Wind Mitigation?
Getting a wind mitigation inspection for your home can help you save money on your insurance. But the amount you save depends on where you live, your insurance company, and the wind-resistant features your home has.
For example, in some places like Florida or Texas, where there are often hurricanes or strong winds, a wind mitigation inspection can save you a good chunk of money. On average, it could be anywhere from 10% to 70% off your home insurance premiums.
Let’s break it down with an example. Imagine your home is valued at $300,000, and your regular insurance costs $2,500 each year. If you get a wind mitigation inspection and your home has certain wind-resistant features, you could save money. Here are some features and how much they might save you:
- Hip Roof (Pyramid-shaped roof): This type of roof is better at handling strong winds. It could save you $500 or 20% on your yearly premium.
- Roof Deck Attachment: How the roof deck is connected to the frame matters. A stronger attachment can save you $375 or 15% on your premium.
- Roof to Wall Connection: A sturdy connection between the roof and walls is important. Using metal straps or clips instead of nails can save you $375 or 15%.
- Window and Door Coverings: Protecting openings with things like shutters or impact-resistant glass can save you $250 or 10% on your premium.
If your home has all these features, you could save a total of $1,500 or 60%, bringing your yearly premium down from $2,500 to $1,000. That’s a significant amount of savings that can really help your budget. So, it’s worth considering a wind mitigation inspection to make sure your home is well-prepared for strong winds and to save some money on insurance.
How much does a wind mitigation inspection cost and how long does it take?
A wind mitigation inspection checks how well your home can withstand strong winds. The cost and time it takes can vary, but usually, it’s around $75 to $150 and takes 30 to 60 minutes. You pay this fee to the inspector, who gives you a report and certificate. This inspection is valid for up to five years. It’s a good deal because the cost is much less than the savings on your insurance, potentially saving you a lot over time. For instance, if you spend $100 on the inspection and save $1,500 on your yearly insurance, you’ll break even in less than a month and save $7,400 in five years.
How much does wind mitigation save on insurance | Final Thoughts
For homeowners, investing in wind mitigation can be a wise financial move because it not only shields your house from wind damage but also results in significant insurance cost savings. If you’re thinking about wind mitigation, work with a licensed inspector and inquire with your insurance company about potential premium discounts.
