Volume 4 Number 39
September 28, 2007

MY SAFE FLORIDA HOME PROGRAM TO SIGN UP HOMEOWNERS AT ST. PETERSBURG TIMES HOME SHOW FRIDAY, SATURDAY AND SUNDAY

On behalf of Florida Chief Financial Officer Alex Sink, representatives from the My Safe Florida Home (MSFH) program will be on hand at the St. Petersburg Times Home Show October 5 - 7, 2007, signing up homeowners and discussing the financial and safety incentives of hardening homes against hurricane damage. Homeowners are encouraged to bring their insurance policies to get the maximum benefit from their inspection report.

As CFO, Sink oversees the state’s MSFH program, which helps Floridians identify how they can strengthen their homes and reduce the overall potential for hurricane damage in our state. The MSFH program offers eligible homeowners a free wind inspection by trained and qualified hurricane mitigation inspectors. Homeowners who have received these inspections and meet additional criteria set by the Legislature may also have the opportunity to apply for matching grants of up to $5,000 to make recommended improvements.

Representatives from the MSFH program will be at the St. Petersburg Times Home Show as follows:

Friday, October 5, 2007
TIME: 10 a.m. – 6 p.m.
LOCATION: Tropicana Field
One Tropicana Drive - booth 472
St. Petersburg, FL 33705

Saturday, October 6, 2007
TIME: 10 a.m. – 6 p.m.
LOCATION: Tropicana Field
One Tropicana Drive - booth 472
St. Petersburg, FL 33705

Sunday, October 7, 2007
TIME: 10 a.m. – 5 p.m.
LOCATION: Tropicana Field
One Tropicana Drive – booth 472
St. Petersburg, FL 33705

The MSFH program resumed offering wind inspections and expanded statewide this year after conducting a pilot program during the previous year. Since April 2007 the MSFH program has performed over 98,000 free wind inspections. More than 11,731 homeowners have been approved for matching grants and are working with the MSFH program to harden their homes. Statewide, the program has issued a grand total of more than 1,377 grants to homeowners for more than $4.4 million.

Recently, CFO Sink reported that many homeowners who have received a free wind inspection from the MSFH program are eligible for discounts on their wind insurance premiums without making a single improvement to their home. To date, 73 percent of participating homeowners are eligible for an average discount of 18.5 percent, or $181 on their wind insurance premiums. This reflects a potential savings statewide of around $13 million and is based on the current structure of the home during the free MSFH wind inspection.