When several committee members said a house’s age helps determine its premium, Leslie Chapman-Henderson cautioned that it can’t be the only determining factor, either. “We can’t draw a line in the sand,” she said, and decide that houses built before a certain date have to pay higher premiums. Some older houses, she said, were built during decades of heavy storms and are stronger than some newer homes.
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Higher Premiums
Insurance credit
Insurers gain
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