Insurance credit for strengthening home to double for many
TALLAHASSEE, Fla. (AP) — Oct. 5, 2006 — Many Florida homeowners will get larger property insurance discounts — about double what they now receive — for improvements aimed at avoiding hurricane damage under a rule approved Tuesday by Gov. Jeb Bush and the Cabinet.
Currently, state insurance regulators have a list of ”suggested” discounts for how large of a break homeowners should receive when they make improvements such as adding hurricane shutters, stronger shingles or clips or straps that secure the roof to the walls. Read more... (577 words, 0 images, estimated 2:18 mins reading time)
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Get insight into the fundamentals and direction of housing markets in 119 of the nation’s largest metropolitan regions. Each of the 11-page downloadable market reports evaluates a number of factors affecting home prices:
- The health of the local job market
- The prevalence of “non-traditional” home financing options
- Debt-to-income ratios
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These reports reflect data available through August 2006. Read more... (187 words, 0 images, estimated 45 secs reading time)