LaMalfa, Thompson introduce Disaster Resiliency and Coverage Act of 2025
Congressman
This legislation is intended to help address the ongoing insurance crisis in
"Homeowners should be able to lower their insurance costs by reducing the risks to their property, but right now, many are stuck with skyrocketing rates or no coverage at all," said LaMalfa. "This bill gives them a real chance to make improvements that not only strengthen their homes but also help bring insurers back to the market.
"Property insurance has quickly become one of the single biggest issues I hear about in my district. People can't get covered: either the available options are completely unaffordable, or there are no options available at all. It's an untenable situation," said Thompson. "By incentivizing homeowners to mitigate disaster risks on their property, we aim to bring insurers back into the market and bring rates back into more affordable territory."
This legislation creates a grant program, administered through state governments, through which certain individual households in designated disaster-prone regions are eligible for up to
Finally, this legislation provides a 30 percent tax credit for qualified disaster risk mitigation activities conducted by individuals or businesses.
The credit is meant to complement the grant program by providing meaningful assistance to larger property owners for whom mitigation activity costs would far exceed
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What is debt really?
Crisis brewing in the business of paying for catastrophes
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