Florida Flood Rate Hikes Possibly on Hold

Florida Flood Insurance Rate Hikes May Be Delayed For Up To 4 Years

Image: Fox 13

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.

Do you have a house in the Tampa Bay area you’d like to put on the market?  Get advice at Rosemary Sells Tampa!

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