Mississippi's insurance regulator has approved a wind mitigation discount program that could give policyholders with Nationwide a premium credit of up to 35 percent
The program, approved by Insurance Commissioner Mike Chaney, offers differing levels of discounts to customers based on home construction features, including roof type, window protection, and secondary water resistance.
"Programs of this type are essential for the continued recovery of the coast," said Mr. Chaney. "Stronger building codes, adhering to flood elevations and proper land use are the foundations of bringing affordable, available and accountable insurance back to the coast."
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