NAMIC Urges Building Code Incentives as Key to Reducing Economic Losses From Natural Disasters
Targeted News Service |
Federal disaster policy should shift its focus toward mitigation in order to reduce future disaster costs, the
"For decades,
"Natural disasters are inevitable," he continued, "but while budgeting for disaster costs is not a perfect science, there are proven ways the federal government can plan more wisely for them. Merely hoping the weather cooperates and relying on luck are not the ways to establish
Detlefsen testified on behalf of the
"There is overwhelming scientific evidence to support the conclusion that statewide building codes save lives and greatly reduce property damage and the subsequent need for federal disaster aid," Detlefsen said, noting that a study by the
Detlefsen also voiced BuildStrong's support for the Disaster Savings Account Act of 2014, which would allow homeowners to create tax-free savings accounts to be used for mitigation activities. "Policies that encourage individuals and communities to invest in risk mitigation are a fiscally responsible way to make our country stronger, safer, and better prepared for natural disasters. Small upfront costs to make a home more resilient not only saves lives but can save countless dollars for homeowners and spare them the pain of losing everything in a disaster," he said.
[Category: Insurance]
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