We are a unique kind of company, and you may have questions.
Read below to learn more.
Overview of MyStrongHome
What does MyStrongHome do?
MyStrongHome will storm-proof your home by providing a new Fortified roof, and funds the cost of the work using future savings on your homeowners’ insurance bill. So, you get a stronger home and only pay a fraction of the cost. Once your insurance savings have paid off the roof, which usually takes 7 years, you get to pocket the entire discount. This video also provides a short summary of how we work.
MyStrongHome Financial is a licensed consumer lender, NMLS ID 1528501. Our AL Banking license number is MC22340.
How do I get started with MyStrongHome?
Any homeowner who lives on the coast in SC, FL, AL, MS or LA can apply today! Simply fill out our short registration form, or give us a call at 800.804.0410. If you have a friend or family member who needs a new roof, you can refer them to us by sending an email to firstname.lastname@example.org. If they sign up, you will get a $100 gift card!
What are the benefits of MyStrongHome?
MSH can get you a best-in-class, storm-ready roof for much less than the ‘sticker price’, because we are able to pay for it with future insurance discounts. Your roof is your home’s first line of defense, and a Fortified roof makes your family safer and your property more secure.
MyStrongHome is a Benefit Corporation. What is that?
MyStrongHome is a Public Benefit Corporation (PBC) with a mission to make homes and communities safer from extreme weather. Benefit corporations are a new type of legal form for entities that both make money and exist to create a positive impact in the world. We started as a non-profit, philanthropic project but decided to incorporate as a benefit corporation so we can achieve larger scale and help more people. We are also a certified b corporation.
What will MyStrongHome do to my house?
We hire and manage proven contractors who will retrofit your home to reach the FORTIFIED Bronze standard set by the Insurance Institute for Business and Home Safety (IBHS). We nail together your roof deck and rafters using more nails than required by most building codes, replace typical felt/tar paper with a high wind resistant ice and water shield underlayment that sits between your roof deck and shingles, and we install roof shingles that have a superior wind rating. FORTIFIED Bronze also requires us to strengthen your home’s gable rafters, outriggers, and roof ventilation system. The work on your home generally takes 1-2 business days.
What kind of roof gets installed on my home and what kind of warranty do I receive?
MyStrongHome roofs look like other high-quality shingle or metal roofs, but include hidden mitigation features ‘under the hood’, such as reinforced roofdeck nailing and a secondary water barrier. Most of our roofs are done with best-in-class architectural shingles such as the Malarkey Vista AR architectural shingles. Malarkey Vista AR shingle have a Class 3 impact resistant rating, a 12-year algae resistance warranty, limited lifetime material warranty protection, and a 12-year comprehensive warranty.
Who is going to do the work and how do I know it will be of high quality?
MyStrongHome will find and oversee a qualified contractor to reroof your home so that it is stronger in the face of hurricanes and other storms. They don’t get paid until your home is certified Fortified by a third-party evaluator.
How is FORTIFIED different than other roofing or mitigation measures I may take?
The major difference between the FORTIFIED standards and any other roofing or hazard mitigation standard is simple—the IBHS FORTIFIED system is scientifically tested, proven, and constantly improving. FORTIFIED is a holistic approach to strengthening the entire roof system. Other mitigation programs might strengthen one feature of a home, but leave another major part of the home unprotected. With FORTIFIED, the whole roof system is strengthened together at the same time. Additionally, most mitigation programs in the United States are dependent on government funding, while MyStrongHome uses your insurance policy to finance the improvements made to your home. MyStrongHome bridges the traditional gaps between home mitigation measures, insurance, and construction technology, with the homeowner being the chief beneficiary.
Roof System Feature
MyStrongHome FORTIFIED Bronze Roof
International Residential Code for One and Two Family Dwellings, 2015 (IRC)*
Roof Deck Attachment – 8d Ring Shank Nails spaced 6 inches or less apart
Sealed Roof Deck
Drip edge must be nailed 4 inches on-center with 3 inch overlaps on joints
Water penetration resistance of roof top ventilation (Ridge/Off-Ridge Vents)
High wind resistant roof covering – Properly installed 130-mph shingles**
Gable overhangs must be designed to prevent water intrusion and wind-driven rain
Gable end wall vents must be protected from wind-driven water intrusion
Vinyl soffits must be installed to meet the high-wind requirements set by the Vinyl Siding Institute (VSI) to prevent blow off
*The IRC is a comprehensive, stand-alone residential building code for residential homes. The IRC was created and is regularly updated by the International Code Council (ICC). The principles of the IRC arebased on protection of public health, safety, and welfare. The IRC is in use or adopted in 49 states, the District of Columbia, Guam, Puerto Rico, and the U.S. Virgin Islands. For more information on the IRC, visit iccsafe.org.
**International Residential Code for One and Two Family Dwellings, 2015 (IRC) wind rated up to 110.
Can you describe the kind of building materials MyStrongHome uses to strengthen homes?
MyStrongHome uses roof shingles that are designed to meet or exceed the following industry standards: ASTM D7158 Class H, ASTM D3462, ASTM D3161 Class F, ASTM D3018 Type 1, CSA A123.5, ICC Approval – ESR-3150, FBC Approval – #14809. The FORTIFIED Standards are designed to reduce the likelihood of roof shingles blowing off in a windstorm. In addition, the water and wind barrier adhered to the roof decking under the shingles protects the interior and your personal property from water damage should shingle loss occur. Other improvements include protecting roof ventilation system from taking on water during windstorms, strengthening of gable overhangs, strengthening gable wall sheathing, and strengthening vinyl and aluminum soffits to reduce failures that open your attic areas to wind and water. To understand how a sealed roof deck can protect the interior of your home, please watch a demonstration video by clicking here.
MyStrongHome Insurance Services
I’m willing to change insurance agents but all of my coverages are with one agent. Can you handle my auto or other insurance coverages?
Currently, we only offer homeowner’s insurance. Your agent will probably be happy to continue to provide your auto and any other coverages you have with him or her. You may be receiving a multi-policy discount, so you will need to check with your agent to find out if there will be an increase in any of your other policies as a result of moving your homeowner’s insurance.
Right now, I pay my home insurance through a monthly escrow payment with my mortgage company. Can I pay my insurance costs with MyStrongHome the same way?
MyStrongHome requires that your insurance premium be paid in conjunction with your construction loan payment on a monthly basis through our finance company. While we cannot ensure the payment of your mortgage, insurance, and loan together in one single payment, your total cost per month should not increase—the only difference is that you go from a single payment to two payments each month, without an increase in total cost. Our automatic payment process makes the transaction simple and efficient.
I have been with my insurance agent for years and really like him/her. Can I keep my current agent and still become a MSH customer?
Possibly. Your agent will need to apply for and be approved as a producer by our insurance partner. We can provide information to your agent at the appropriate time.
Will my insurance bill go up in future years?
As you’ve probably noticed, your insurance premiums don’t stay the same year after year. Sometimes they go up and, occasionally, they go down. These fluctuations are based on a number of factors, including overall loss experience, your specific loss experience, changes to your policy such as increased value, increases in reinsurance and other expenses, etc. Rate changes must be actuarially supported and are subject to approval by state insurance regulators. Our insurance partner is very committed to the MyStrongHome program and has agreed to a rate stability policy for the duration of the construction loan.
What happens after I’ve repaid the cost of the roof?
Once your construction loan is re-paid, the insurance savings that were being applied to that loan will go directly in your pocket.
What are the terms of MyStrongHome financing?
MyStrongHome offers unsecured loans (meaning we don’t take a lien against your property) for up to 7 years. We determine loan eligibility based on future insurance savings, which means we don’t run your credit or require you to fill out lots of paperwork. Our rates are much lower than most other sources of consumer credit, such as credit cards. We provide lower rates to customers who switch to one of our insurance partners.
What happens if I want to pay off my loan early?
There is no pre-payment penalty if you pay all or part of your loan ahead of schedule.
MyStrongHome and State Programs
What is the difference between Strengthen Alabama Homes and MSH?
Strengthen Alabama Homes (SAH) and MyStrongHome (MSH) both aim to make Alabamans safer from hurricanes and other storms, specifically by retrofitting homes to the FORTIFIED standard. SAH is a state government-funded program administered by the Alabama Department of Insurance. SAH awards $10,000 grants to pay for FORTIFIED hurricane mitigation measures like re-roofing and opening protection for coastal Alabama residents. MyStrongHome provides specialized (and subsidized) financing for the same hurricane mitigation measures, using the insurance savings that result from the fortification of the home. A homeowner’s loan payments, plus their new insurance costs, are equal to what they were previously paying for insurance.
A homeowner can use an SAH grant alongside of MSH financing, and may choose to do so if they have already received a grant but the cost to reroof their home exceeds $10,000. A homeowner can also get MyStrongHome financing without SAH, and get a FORTIFIED roof considerably more quickly.
What is the difference between the South Carolina Safe Home Program (SCSH) and MyStrongHome?
The South Carolina Safe Home program (SCSH) is a state-funded grant program administered by the South Carolina Department of Insurance for the promotion of hurricane mitigation. To qualify for a grant, the home must be an owner occupied, single family dwelling with an insured value of less than $300,000. The maximum individual grant amount is $5,000.00 for qualified hurricane measures and grants must be matched dollar-for-dollar (up to $10,000.00 total), except for low-income homeowners with homes valued at $150,000 or less. Low-income homeowners may receive up to $5,000.00 with no matching requirement. Total grant funding is approximately $2 million per year. Grants are awarded on a first-come-first-served basis and are paid to the homeowner after proof of the qualifying construction has been completed. SCSH does not assist grant recipients in securing wind mitigation credits from their insurer. MyStrongHome has none of the above income or home value thresholds. Eligible homeowners receive financing for the full cost of construction to achieve FORTIFIED Bronze and repayment is made primarily out of future insurance savings, which have been secured by MyStrongHome. Moreover, MyStrongHome is an end-to-end solution; we are there with you from the initial application to completion of construction to receipt of your Fortified certificate.