All posts tagged 'Homeowner Flood Insurance Affordability Act'

April Fool's Day Sees National Flood Insurance Rates Rise

March 31, 2015 20:15
by J. Wylie Donald
So what day would you pick to have your flood insurance premium double? April Fool's Day? You got it. Well, that's a little hyperbolic. Rates aren't doubling instantaneously tomorrow. Instead they are rising between 10% and 18% per year until they match commercial rates. There is a set of exceptions to the 18% cap. There can be up to a 25% increase on non-primary residences, so-called "severe repetitive loss" properties and substantially-damaged / substantially-improved properties. Other change...

Flood Insurance | Legislation

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