Mount Pleasant Magazine March/April 2018

89 www.MountPleasantMagazine.com | www.MountPleasant.Pet | www.MountPleasantBuilders.com feature B eing able to live near the South Carolina coast is a dream come true for many homeowners. It’s a chance to enjoy the beach and a chance to connect with the outdoors while soaking in stunning sunsets and beautiful views. But it can come at a cost. And as many of us know, residing near the coast means sitting on the edge of our seats during the long hurricane season, waiting to see if our city will be the next one hit by a big storm. That’s why being proactive and making sure that your home is hurricane-ready and in good condition before a storm hits is so important. South Carolina’s Department of Insurance has made it easier for folks to prepare for the worst. The department’s Safe Home Program offers a grant that provides homeowners in coastal communities with the money they need to make their property more resilient to hurricanes and high winds. The funds are to be used to retrofit single-family homes so that the damage from an impending storm is less intense. This grant will in turn result in fewer insurance claims and will ultimately lower insurance premiums for all South Carolina residents. It’s a win-win for the Department of Insurance and people who live in the Palmetto State. Ray Farmer, the director of the Department of Insurance for South Carolina, said that in 2016, $1 billion was paid out to homeowners for damages to homes due to Hurricane Matthew. “It was less with Hurricane Irma, but there was still some damage to homes along the coast during that storm, too,” he said. Farmer pointed out that the program was first introduced in the state Legislature in 2007 and officially began later that same year. “Since 2007, 5,200 grants have been awarded, equaling $22.7 million in funds to strengthen coastal community homes in South Carolina,” he said. The money to fund the grant comes from a 1-percent levy on insurance premiums. “We have about $2.4 million per year to award to homeowners to help them strengthen their homes for impending storms,” he said. Farmer explained that the program will change a little in 2018. “We used to award the money based primarily on home value and insured value, but, with the recent legislative changes now in place, awards will be based on the income of the applicant,” he said. He said the changes, which went into effect on Dec. 1, 2017, will allow the program to help more families. “We will have $2.4 million to award before 2018 is over,” Farmer said. The program provides grants of no more than $5,000 for a retrofit project. Luckily, in many cases, the grant funds will cover the majority of the cost for a new roof. Any remaining funds needed to complete a project are the responsibility of the homeowner. “The funding will vary based on the size of the roof By Theresa Stratford The Safe Home Program: Helping Homeowners Weather the Storm real s at