Hurricane insurers are increasingly discontinuing policies for homes with single-wall construction, deemed vulnerable to wind uplift and flying debris, especially in hurricane-prone areas. The expense for homeowners looking to upgrade to double-wall construction averages $100 to $125 per square foot, enhancing resilience and insurability against climate risks. Those facing cancellations can reinforce their homes with hurricane clips, shutters, and straps for costs ranging about $5,000. The trend affects various high-risk regions, compelling homeowners to consider upgrades or state-supported insurance alternatives as insurers reassess risks.
Hurricane insurers are dropping homes with single-wall construction, viewing them as high-risk due to their vulnerability to wind uplift and flying debris, leading to nonrenewals based on construction risks.
The cost of upgrading from single-wall to double-wall construction can be significant, averaging $100 to $125 per square foot, but it offers improved resilience and insurability against climate-related risks.
Homeowners facing insurance policy cancellations can opt for targeted reinforcements such as hurricane clips, shutters, and straps to mitigate risk without a full reconstruction, with costs ranging from a few thousand dollars to $5,000.
Insurers nationwide are reassessing legacy policies based on new construction risk data, prompting homeowners with outdated structures to either make costly upgrades or seek coverage from state-backed insurers.
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