HB281 Summary

• Expands insurance premium discount eligibility statewide in Alabama to include commercial property owners who retrofit structures to resist hurricane and windstorm damage, matching existing homeowner benefits.

• Removes geographic restriction limiting discounts to counties contiguous to the Gulf of Mexico and Mobile Bay, making the program available throughout the State of Alabama.

• Allows commercial properties to meet Fortified Commercial Standard or other approved mitigation programs to qualify for premium reductions on wind coverage, with adjustments determined through actuarially justified rating plans.

• Requires property owners to maintain certification records from licensed inspectors and building officials documenting compliance with applicable building codes or fortification standards, subject to audit by the Insurance Commissioner.

• Takes effect on the first day of the third month following passage and gubernatorial approval.