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  • 3 months ago
Stand has introduced its inaugural voluntary hurricane insurance offering in Florida, moving beyond the state’s Citizens depopulation initiative. Utilizing its Stand World Model, the company evaluates hurricane risk tailored to individual homes, emphasizing building characteristics rather than solely relying on past losses or geographical location. Homeowners who make qualifying upgrades, such as installing roof anchor clips and water shut-off valves, could benefit from premium discounts of up to 40%. Stand points out that since 1980, Florida has experienced 94 billion-dollar weather and climate-related disasters, underscoring the increasing importance of property resilience.

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00:00STAND is expanding its Florida presence with a new hurricane insurance product.
00:04The company says the coverage is voluntary and designed for qualifying homeowners.
00:09Its approach focuses on the strength of each individual property.
00:13STAND uses advanced modeling to study how a home may perform during a hurricane.
00:18The system looks at building features, storm exposure, and possible weak points.
00:23Homeowners may then be guided toward targeted upgrades.
00:26These can include roof anchor clips, water shutoff valves, and other resilience measures.
00:32STAND says qualifying improvements could reduce premiums by as much as 40%.
00:37The company also helps connect homeowners with approved contractors.
00:41For some early customers, it is offering smart water leak detection support.
00:45The launch comes as Florida continues facing major pressure in its property insurance market.
00:51STAND says its goal is to reward stronger homes with better pricing.
00:55The company believes mitigation can help reduce risk before the next major storm.
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