Louisiana Fortify Homes Program Report Shows Positive Impact on Insurance Savings

The Insurance Senate Committee in Louisiana convened on March 14, 2025, to discuss the findings of a recent audit on the Louisiana Fortify Homes Program (LFHP), which aims to enhance the resilience of homes against hurricanes through fortified roofing. The meeting highlighted the positive impacts of the program, particularly in terms of insurance savings for homeowners.

Louisiana Legislative Auditor Mike Waguespack opened the discussion, expressing enthusiasm about the audit results, which indicated that homeowners who upgraded to fortified roofs typically saw a significant return on investment, primarily through reduced insurance premiums. The program offers grants of up to $10,000 to assist homeowners in installing fortified roofs, which are designed to withstand severe weather conditions.

Auditor Ed Seiler presented detailed findings, noting that homeowners reported a median annual savings of $1,250, translating to a 22% decrease in insurance premiums. The report emphasized that the program has gained traction, with a 17-fold increase in participation since January 2023. However, it was noted that the program primarily benefits middle to upper-income individuals, prompting discussions on how to better reach low-income households.

The committee members raised concerns about the program's accessibility and the financial burden on homeowners who must cover costs exceeding the grant amount. Senator DuPlessis highlighted the challenges faced by constituents who struggled to meet the financial requirements within the program's tight timelines. The committee discussed the need for a minimum discount guarantee from insurance companies for homeowners who invest in fortified roofs, suggesting that such a policy could enhance the program's effectiveness and fairness.

Commissioner of Insurance Tim Temple acknowledged the concerns and indicated that the department is exploring partnerships with nonprofits to assist low-income homeowners in bridging the financial gap for roof upgrades. The committee agreed on the importance of ensuring that all Louisiana residents, regardless of income, can benefit from the program.

In conclusion, the meeting underscored the LFHP's potential to improve home resilience in hurricane-prone areas while also addressing the need for broader accessibility and guaranteed insurance discounts. The committee plans to continue discussions on enhancing the program and ensuring that it serves all segments of the population effectively.