Policy Documents

Principles for Property Mitigation Discounts

Eli Lehrer –
August 21, 2009

Encouraging property mitigation against catastrophes like floods and storms has become a major area of consensus for people on all sides of the debate over coastal insurance in hurricane-prone areas. Insurance regulators, advocacy groups across the political spectrum, and legislators all emphasize its importance. Mitigation essentially consists of efforts to prevent damage from disasters before the disasters take place. But in a broader sense, mitigation can refer to almost anything, from minor, low-cost activities like picking garden plantings with deep roots in hurricane-prone areas to massive efforts like infrastructure construction and community-wide land use planning. While mitigation is uncontroversial on a general level, specific mitigation measures often arouse debate.

Encouraging property mitigation against catastrophes like floods and storms has become a major area of consensus for people on all sides of the debate over coastal insurance in hurricane-prone areas. Insurance regulators, advocacy groups across the political spectrum, and legislators all emphasize its importance. Mitigation essentially consists of efforts to prevent damage from disasters before the disasters take place. But in a broader sense, mitigation can refer to almost anything, from minor, low-cost activities like picking garden plantings with deep roots in hurricane-prone areas to massive efforts like infrastructure construction and community-wide land use planning. While mitigation is uncontroversial on a general level, specific mitigation measures often arouse debate.