South Carolina Department of Insurance

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South Carolina Department of Insurance
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South Carolina

• South Carolinas population is increasing faster
  than national average, especially along coast.
• Coastal residents make up one fourth of our
  statewide population.
• Historically South Carolina has experienced
  destructive hurricanes to include the Sea Island
  Hurricane of 1893 and more the more recent
  Hurricane Hugo which made land fall in September
  1989.

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Statewide Building Code

• 1997 the SC General Assembly passed legislation
  calling for the adoption of a statewide building
  code.
• The legislation also created the Loss Mitigation
  Grant and Training Grant Program which provided
  start-up dollars to local jurisdictions for the
  development of code programs and for the training
  of code enforcement officers.
• This past July, we implemented the 2006 code.

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SC Omnibus Coastal Property Insurance Reform Act
of 2007

• Initiatives
• Consumer Initiatives
• Catastrophe Savings Account
• Tax Credits for approved mitigation measures
• Premium Discounts for Approved Retrofits
• Insurer Initiatives
• Emergency Powers
• SC Safe Home Grant Program

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• Annual allocation about 2 million
• Provides grants up to 5,000 to homeowners to
  retrofit their primary residence.

• Educates homeowners about the potential
  catastrophic damages caused by high winds
  associated with hurricanes.

• Assists homeowners in understanding what
  mitigation is and how it can help protect their
  property.

• Improves the existing housing stock in coastal
  South Carolina.
• Encourages availability and affordability of
  homeowners insurance.

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Eligible Retrofits
Roof covering with Secondary water barrier
Window Replacement
Storm Shutter Application
Gable-end Bracing
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Where are we today?

• 867 grants awarded totaling approximately 4.1
  million. An average of 2 homes are strengthened
  per day.
• Hosted a Hurricane Mitigation Expo and Training
  Session in Charleston this past August. Event
  offered public outreach as well as training with
  approved CE credit for insurance agents,
  realtors, floodplain managers, code enforcement
  officers and contractors.
• Created partnerships and receive support from
  public and private entities to include the South
  Carolina Wind and Hail Underwriting Association,
  National Flood Insurance Program, Industry
  Associations, state and local building code
  enforcement divisions, emergency management
  agencies and local homeowner associations and
  consumer groups.

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South Carolina Department of Insurance 1201 Main
Street, Suite 1000 Columbia, SC 29201 PO Box
100105 Columbia, SC 29202-3105 www.doi.sc.gov
http//www.scsafehome.sc.gov/