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The Florida Office of Insurance Regulation has proposed an amendment to rule 69O-170.0115 seeking to adopt a new version of form OIR-B1-1802 “Uniform Mitigation Verification Inspection Form.” The “1802 Form,” as it is commonly known, allows insureds to qualify for windstorm premium discounts based on the construction techniques or mitigation features of their homes. The […]
A Citizens Property Insurance Corporation committee recently discussed results of its reinspection program for wind mitigation features. The reinspection of 1500 personal residential risks has identified changes in data for 90% of the policies and changes in premiums for 75% of the policies. The categories of roof cover, roof deck attachment, roof to wall attachment […]
The Office of Insurance Regulation held a public hearing on December 21 to continue gathering feedback about revisions to its Uniform Mitigation Verification Inspection Form and its Notice of Premium Discounts for Hurricane Loss Mitigation. The hearing attracted relatively few comments on the discount notice form. A few participants commented that the description of mandatory […]
