Understanding Florida Condo Insurance Discounts & Mitigations
November 7th 2011 Posted at Insurance
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We are going to discuss how to reap the discount benefits from Florida condo insurance and Florida home insurance discounts by understanding and applying mitigation inspection reports. The state of Florida requires insurance companies to offer reduced rates for wind mitigation features.In Florida this reporting system is standardized by all property insurance companies. Years before many carriers used the standardized Citizens insurance companies mitigation inspection forms as the standard. Meanwhile other insurance companies required insured?s to use their own made non standardized forms. This practice was chaotic with all different forms from one carrier to the next made it difficult for consumers to change carriers or receive insurance discounts they were entitled to. Today we have a standardized form developed by the Office of Insurance Regulation on which the majority of Florida insurance carriers abide to called ?The Uniform hr support for small businesses mitigation verification inspection form?. This inspection form when completed is valid for a period of 5 years of discounts.Recently many consumers had been taking advantage of this form and the given discounts by misleading the insurance carriers. These insurance companies have become very strict on who can now inspect and sign off on this form including, a Florida licensed general, residential or building contractor? A licensed building inspector? A registered architect? An engineer in the State of Florida? A building code official (who is duly authorized by the State of Florida or its county?s municipalities to verify building code compliance).Licenses today are checked for validity before a carrier will give such discounts. All buildings and structures are not built the same or at least not similar enough before the Florida building codes of 2001. Florida is a state with catastrophic hurricanes which occasionally come to visit.