CHICO, Calif. - The Insurance Institute for Business and Home Safety (IBHS) designated Casey Taylor's new home off of Shay Ln. in Paradise as the first wildfire prepared home in the nation.

The new home meets all the new requirements to receive a designation. Click here to view all the IBHS standards.

These new standards aren't required, but it could help reduce fire danger significantly and lower the cost for homeowner insurance.

The new standards include changes to the roof, gutters and defensible space. It also includes the materials used for the exterior of the home, vents and even fencing among other changes.

Taylor moved into her new home in December.

“Oh my gosh, I feel super grateful and super proud," said Taylor. "I love Paradise, I’ve been in Paradise for a long time. I just love watching the community grow back stronger and safer.”

She lost her home in the Camp Fire and had to move to Chico. She says it was hard leaving the ridge.

“Actually, way better than what I thought it would be," said Taylor. "It just feels so good to be home. On top of that, to actually have a wildfire prepared home that’s actually back by research to be safe.”

Since there is research behind these new standards, insurance agencies say there may be a change soon.

“I believe that you’re going to see a very positive impact from the insurance perspective on the broader insurance marketplace in California for affordability and availability as more homes and communities are meaningfully mitigated according to the standards," said Karen Collins of the American Property Casualty Insurance Association.

This does not only apply for new homes though. If you want yours to meet the wildfire prepared standards, you just have to make some adjustments to roofing, fencing and your gutters among other changes.

Paradise does have new building design standards though where all new homes will meet those needs.

“Well, it definitely helps us feel more secure knowing that our home has all potential to be safe if there’s another fire," said Ashley Bolstad who has lived in Paradise for 2 months.

IBHS CEO Roy Wright showed us around the entire property. He says he has a special connection with the town since his parents and brother lost their homes in the Camp Fire.

“You know, we’ve been collaborating with Paradise on elements of their rebuild, and we’ve been doing that over the past couple of years," said Wright. "It was just a bit of a mutual ah-ha moment that said we want to go first, and we couldn’t be prouder."

To get a designation you just have to meet the requirements listed by IBHS. You’ll have to pay about $100 for an inspection of the property and send yearly updates. The designation lasts 3 years and you can re-new it by getting another inspection.

The IBHS inspection does not cover the CAL FIRE defensible space inspection. You’ll still have to do both if you want your property to be designated as wildfire prepared and meet state law requirements.

These upgrades can be done for all homes. You can us a private contractor or do-it-yourself, but the designations with inspectors classifying your home as fire prepared, are only for single-family homes up to three stories right now.

IBHS plans to also do designations for multifamily homes like apartments, condos and townhouses within a month. It’ll also extend to modular homes soon.

IBHS conducted research that shows once a home catches fire, there's a 90 percent chance it'll be completely destroyed.

IBHS is an independent nonprofit scientific research and communication organization. It receives support by property insurers, re-insurers and affiliated companies.

Ryan Ketcham is a reporter for Action News Now.

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