Buying A Home With Wind Mitigation Protection

Wind_Mitigation_Sample Report: If you have been involved in the home buying process at some point in Florida then you are most likely familiar with the terms wind mitigation protection. In short, wind mitigation protection is the amount of protection that the openings on a building have. If they have the protection that is properly rated, then how much protection and what is the rating of the product that is protecting the home or building. These are some of the questions that start to trickle as you discuss the wind mitigation of a home and/or building.

Why is wind mitigation protection important to your home buying process?

When buying a property your DTI is one of the deciding factors in whether you can be qualified to purchase and how much of a purchase you can make. Well, during the underwriting period for your loan in Florida wind mitigation comes into consideration and can impact your ability to be approved. This is because depending on the amount of protection the home has against storms such as hurricanes that frequent the Broward, Miami-Dade, and Palm Beach Areas then your homeowner’s insurance can be quoted higher than expected ultimately impacting your DTI % and now making the home or building that you are considering unaffordable.
People to speak to:

  • Realstate Agent (to ensure the homes you are being shown are aligned with your purchasing power)
  • Mortgage Broker (to ensure you understand your purchaser power and any wiggle room in your DTI and your lenders’ requirements)
  • Insurance Underwriter (be involved here, understand what credits you are receiving if any for wind mitigation protection and if there is room for improvement to lower your insurance premium)

 What needs wind mitigation protection on the home or building being purchased?

All openings on the home or building needs to be protected and there are different ways that the protection can be implemented.

  • Windows and Doors
  • Garage Vehicle and Man-Doors
  • Roof installations meet FBC(Florida Building Code) requirements at the time of installations and have approved product code (city permit)
  • Roof to Wall Attachments, how is the roof attached to the building (straps, clips, etc.)

Some items can be seen when doing a walkthrough on the property, asking the sellers, and/or researching the permits on the property in advance. None of which takes a significant amount of your time and we highly encourage you to learn about this process and how it impacts your buying process. If you have additional questions and want to get in contact with GGR Home Inspections please send us a note, text, or call.

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