Florida Flood Rate Hikes Possibly on Hold
Fox 13 announced this week that our government is proposing a relief legislation to put a hold on the new risk-rated premiums for up to four years.
Apparently, in 2012, when Congress decided that the National Flood Insurance Program should pay for itself, they didn’t have any real world examples of what this would cost homeowners.
As we are now painfully aware, the costs will be devastating to many Florida homeowners.
A hold on the rising rates comes as a great relief, although, at this time, that move is still in the proposal stage.
Watch the news clip and read more at Fox 13: Lawmakers Introduce Legislation to Delay Flood Insurance Hikes.
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