In a letter to the Louisiana House Insurance Committee, the Consumer Federation of America (CFA) urged them to SB 484, a bill that would strengthen the Louisiana Fortify Homes Program and help ensure that actuarially sound discounts benefit policyholders.
The Louisiana Fortify Homes Program provides grants of up to $10,000 to homeowners so they can upgrade their roofs to stronger standards. These strengthened roofs are better able to withstand hurricane-force winds. SB 484 acknowledges that discounts should be provided to consumers who strengthen their homes and sets up a process for identifying the size of those discounts, as well as ensuring that insurer discounts are publicly available on the Department’s website.
The post CFA Urges Louisiana Legislature to Approve Bill To Strengthen Louisiana’s Fortify Homes Program appeared first on Consumer Federation of America.
