Beware of a ‘stretch’ code’s effect on insurance rates
Sep 17, 2018
To the Editor:
There is much discussion in Marion about the advantages of “stretch codes.” These are initiatives that require homes in a community to be built to building standards that exceed state and international building codes.
A stretch code increases the square foot replacement costs for a home significantly. Increasing construction costs increases home insurance rates. For everyone! Even if you don’t change anything -- the insurance cost for your home will increase.
Be informed! Contact your home owner insurance carrier.
This is an example of a significant collateral impact of a bylaw change that is not stress tested and certainly not widely understood by town home owners.
Chris Collings
Marion