Saving Money Through Insurance
Updated: Feb 16, 2019
When buying houses and expensive property, money becomes a large factor in the type of property and the extravagance of the property. Many can’t afford the luxury of spending extravagant amounts of money on real estate. CNBC reported that “78 percent of full-time workers said they live paycheck to paycheck, up from 75 percent last year, according to a recent report from CareerBuilder.” For people living paycheck to paycheck, money must be spent carefully and wisely, which leaves little room for purchasing expensive property, and discounts can make the difference between renting an apartment unit or a stand-alone house.
Lisa Rodriguez from WeInsure Group Inc. mentions that a wind mitigation insurance report is one way a Florida homeowner can save money if looking at homes older than 16 years. This insurance consists of implementing specific building techniques to protect properties from damages caused by wind – which is a big threat in Florida during hurricane season. The inspection consists of the professionals going inside the building’s roof and checking the spacing of the nails, the shape of the roof, and other elements to determine the current state of the structure.
However, if the structure of the roof’s condition is not ideal, it must be repaired or replaced. Rodriguez mentions that there are building codes to help homeowners that install new roofs “especially when it is done via permit.” She states that wind mitigation inspections are not only done to ensure to safety of a home, but also so that homeowners to save on insurance. Once the inspection is completed, a report will be given by the inspector. Depending on the state of the home, the inspector could offer insurance discounts.