Quote:
Originally Posted by Carla B
Constructed before March, 2002?
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Standard building codes for wind construction were updated in March of 2002. I believe an insurance company gives a deduction for homes that meet these updated standards. Homes built prior to 2002 used an older, less reliable, building code for wind construction. With every hurricane, we learn more and more about better ways to hurricane-proof a home. Tilt wall construction is the latest technology and is believed to help withstand hurricane force winds better than older homes. However, this theory has not been fully tested since few hurricanes have come through since the up-to-date homes have been built.
Disclaimer: I am not an insurance expert. But, I do hear discussions of Villagers regarding their home insurance rates. Some have seen them double and triple while others have not seen a sizeable hike. I believe this can be explained by the age of your home. But then again, even as a contractor who knew to purchase a newer home, I am still puzzled how insurance rates are calculated. I can tell you this, the price of my policy is less than those who live in older Villages. But, ask a Villager, and they will not fully disclose the terms and deductibles of their policies. (It is none of anyone's business) So rates provided to you by individuals for a comparison are all over the board. I urge you to talk to an insurance agent about the coverage on a frame vrs block vrs tilt wall home. And also discuss wind mitigation, flood, and sinkholes. They are the only ones who can provide you with the correct quotes.