Effectiveness of Building Codes and Storms
We have found that for different samples of our loss data, the benefit-cost ratios range from a low of 2.67 to a high of 7.93. In other words, comparing the increased construction cost to the expected reduction in windstorm damage across the life of the home shows anywhere from $2 to $8 in expected damage reduction—the benefit—for every dollar of increased cost.
The entire paper is here.
The entire paper is here.
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