State Farm will offer discounts in Mississippi, beginning May 1, for homes and rental property strengthened against wind damage.
Insurance Commissioner Mike Chaney told The Sun Herald that he approved State Farm's plan to offer the mitigation discounts. They will apply to new construction and retrofits to older homes.
Discounts range from 8 to 30 percent, depending on the location of a home, condominium unit or rental property and construction techniques used.
Chaney says the highest discount is available only to policyholders south of Interstate 10 who meet strict guidelines for new construction, including hurricane mitigation measures, set by the insurance industry's Institute for Business and Home Safety.
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