Discover the New Shift in Homeowner’s Insurance

Insurance companies are shifting the financial burden of protecting a home to the homeowner. How?  The insurers like Allstate and State Farm are now requiring homeowners that live in states that are prone to hurricanes and wildfires to protect their homes by purchasing permanent storm shutters and/or installing fire retardant roofs.

Your question maybe is this legal.  The answer is yes, although states can mandate that the insurer requirements be modified or deregulated.  One state did just that.  Connecticut enacted a law that prohibited insurers from requiring permanent shutters as a requirement for the home to be insured.  The state felt that if the homeowner utilized a much cheaper alternative by using temporary plywood shutters the requirement of providing reasonable protection of the asset or home has been satisfied.

In states, that do not require permanent shutters or fire retardant roofs a homeowner can expect a substantial savings in premium if they make those improvements.

Remember that even if you can not afford to make all the recommended improvements right away the insurer is required to allow you time to do so.  Still yet, there may be low interest loan and/or grants available through the city or state that can help you comply to regulation changes by the insurer.