Hurricane Protection Discounts May Take a Hit

Posted by Claudia Shea - email

WEST PALM BEACH, FL (WFLX) - Some Florida insurance companies want to limit discounts you get for hurricane shutters and other storm-related additions to your homes. This Wednesday, the state will review how the discounts are calculated.

Discounts for storm mitigation improvements became widely used after several back to back hurricanes in 2004 sent premiums higher.

In 2006, Florida's Insurance Commissioner ordered the discounts to be doubled after insurance rates continued to rise.