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Homeowners Go Coastal with Mitigation Opinions.

Mortgage Servicing News

| May 01, 2007 | COPYRIGHT 2007 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Malvern, PA -- A survey finds that people living in coastal communities are more supportive of issues related to natural disaster preparedness, mitigation and insurance, according to the Insurance Research Council. But when it comes to taxpayer subsidies to support insurance coverage, public support weakens considerably.

While many coastal communities have been criticized for not having stronger building codes and restraints to limit property damage, the IRC survey suggests that coastal residents may back such measures.

According to the study, the public in all areas supports mitigation strategies. But the support is strongest among coastal residents, particularly those on the Atlantic Coast and the Gulf of Mexico.

More than eight in 10 respondents favored government action to preserve and rebuild wetlands in coastal areas, the study found. Among those living in coastal areas, 56% strongly favored such action, compared to 38% of people living in non-coastal areas.

In coastal areas, 93% favored building codes for new homes and 88% of those from non-coastal states favored building codes. When asked what they thought if ...

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