Another Take on Mitigation

Staying safe from disasters pays, but will funders listen?  Excerpts:

The startup MyStrongHome, which works in the coastal areas of Alabama, Louisiana and South Carolina, allows homeowners to pay for a new, reinforced roof out of savings from the lower insurance bills they get thanks to their dwelling being safer.

Green estimates that potential losses in a storm would be 30 to 60 percent lower in the strengthened homes. The work, carried out by the firm’s contractors, typically costs around $10,000. Participants make a down-payment of between $2,000 and $3,000, and pay back the rest over five to seven years.

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2 Responses to Another Take on Mitigation

  1. recoverydiva says:

    I guess “Don’t trust until you verify” would be the new slogan.

  2. RDale says:

    I like the concept – but I’m not sure I am going to trust the business owner when he tells us how much it’ll save 🙂 I’d have to see insurance companies supporting this concept first.

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