Oklahoma homeowners can now apply for grants of up to $10,000 to upgrade to storm-resistant Fortified roofs.
The Oklahoma Insurance Department opened statewide applications for its Strengthen Oklahoma Homes (SOH) Grant Program on Monday, Jan. 12.
The statewide expansion follows a pilot phase. According to OID, pilot program participants are saving an average of $750 per year on insurance premiums. Insurance companies offer premium discounts to policyholders with Fortified roofs.
“Oklahoma is one of the most storm-prone states in the country, and strengthening homes is one of the most effective ways to reduce damage and control insurance costs,” said Oklahoma Insurance Commissioner Glen Mulready. “This program is working, and now we’re bringing it to homeowners statewide. The opportunity is here, and homeowners who act now can protect their homes and their budgets for years to come.”
Grants are awarded on a first-come, first-served basis as funding allows. To qualify, homeowners must have a homestead exemption on file with their county assessor.
Source: OID
Topics Homeowners Oklahoma
Was this article valuable?
Here are more articles you may enjoy.
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit 
Trump Says Illegal Immigration Increased Car Insurance but Experts Say Otherwise 
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
Older, Wealthier Renters Drive Changes in Insurance Needs 
