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Insurance rate for "Fortified" construction in Louisiana

We are very pleased to learn that Doug Jones in Baton Rouge through American National Insurance Company and American National Property Casualty Company offers insurance coverage under the "Fortified" plan. Subject to qualifications, this plan offers a 25% discount and guarantees that the second buyer of the home will get the same coverage.

 

Please contact him for full details as follows:
Doug Jones, Agent
111863 Market Place Ave, Suite A
Baton Rouge, LA 70816

Baton Rouge Office: 225-291-3386
Alexandria Office:  318-448-8302

Toll free: 866-332-883
Fax: 225-291-3384
Email: doug@anicobr.com
Web site: www.anpac.com

Partners From Heaven In 2007  ” ……. YOU, The Doug Jones’ Agency & American National

 

PRELIMINARY SUMMARY OF REQUIREMENTS

1. The plans must be reviewed and approved by a qualified engineer prior to construction.

2. The building must be inspected during the construction phase to confirm the home was built as designed.

3. The building must be twenty (20) feet above sea level.

NEW GOVERNMENT DEVELOPMENT

We are very pleased and appreciate the work by Representaive Tim Burns in authoring HR 170.


HR170 - 2007 Regular Session
INSURANCE: Requests the Louisiana Citizens Property Insurance Corporation to grant discounts based upon new developments in building technology

http://www.vobb.com/government/Louisiana-House-Representatives-HR-170.pdf


http://www.legis.state.la.us/

It was written:
"WHEREAS, the alternative building materials such as concrete, . . .will provide for more durable homes for citizens rebuilding their homes;"

"WHEREAS, many insurers would benefit from the increased strength of buildings from the new technology and building materials used in the construction and retrofitting techniques;"

"To urge and request the Louisiana Citizens Property Insurance Corporation to grant discounts based upon new developments in building technology."

Many thanks to Rep Tim Burns:
http://house.louisiana.gov/H_Reps/members.asp?ID=89

(Note: VOBB can not provide any engineering, architectural or insurance services by law, as we are not registered to provide these professional services.}

 

As per the USA Today:
USA Today

http://www.usatoday.com/money/economy/housing/2007-07-24-katrina-real-estate_N.htm?csp=34
By Kathy Chu, USA TODAY

New Orleans home sellers struggle

"Insurance has never been the type of thing that would make or break the decision (to buy a house), but now it is," says Peter Ricchiuti, a former assistant Louisiana state treasurer who teaches at Tulane University's business school.

 Yet the high price of homeowners insurance "is the single most important factor in the decrease in sales," he says: "In most of the USA, insurance is secondary, or an afterthought. On the coast, the cost of insurance has driven up mortgage payments to the point where it's not affordable."

Atchison, who owns an agency in Biloxi, says some clients who have sought a $400,000-to-$500,000 home on the coast have received insurance quotes of $10,000 to $12,000 a year - up to three times what they'd have paid before Katrina.

Louisiana Citizens Property Insurance Corporation

The Louisiana Citizens Property Insurance Corporation is a nonprofit organization created to provide insurance products for residential and commercial property applicants who are in good faith entitled, but unable, to procure insurance through the voluntary insurance marketplace.

Louisiana Citizens Property Insurance Corporation will:

  • Provid ccomprehensive coverage to policyholders at rates that are not competitive with rates charged in the voluntary market.
  • Respon timely and efficiently to the ever-changing property insurance marketplace with due consideration to the needs of Louisiana Citizens policyholders.
  • Meet and maintai its fiscal obligations to policyholders by:
    • Developing superior procedures to meet regular operating requirements; and
    • Establishing procedures to secure necessary financial resources in the event of a catastrophe.
  • Facilitate the ability of policyholders to obtain property insurance from private insurers and encourage the depopulation of the company.

For more information, see: http://www.lacitizens.com/

 

Due to numerous different soil conditions, building codes, etc.,
VOBB makes no guarantees and/or warranties (expressed or implied).
Please contact a qualified engineer, architect or building inspector as needed.