[ http://bit.ly/FloodInsurancePremiumsRising ] Naturally, as floods become more likely, insurance premiums will keep...
[ http://bit.ly/FloodInsurancePremiumsRising ] Naturally, as floods become more likely, insurance premiums will keep pace. Move, now! Soon there will come a time when residences in flood zones will not sell at all.
"FEMA confirmed to the Miami Herald that it is looking into switching to risk-based pricing in 2020, which would end the subsidies most coastal communities enjoy on their flood insurance premiums and show the true dollar cost of living in areas repeatedly pounded by hurricanes and drenched with floods — like South Florida."
Last time FEMA reviewed its rates, " the premium on a $300,000 house in Monroe County went from $1,900 a year to more than $49,000. Congress hastily walked it back, but the motive behind the change (the NFIP’s sorry finances) has only gotten worse since then."
#EnvironmentalPolitics
#Trump
http://bit.ly/FloodInsurancePremiumsRising
"FEMA confirmed to the Miami Herald that it is looking into switching to risk-based pricing in 2020, which would end the subsidies most coastal communities enjoy on their flood insurance premiums and show the true dollar cost of living in areas repeatedly pounded by hurricanes and drenched with floods — like South Florida."
Last time FEMA reviewed its rates, " the premium on a $300,000 house in Monroe County went from $1,900 a year to more than $49,000. Congress hastily walked it back, but the motive behind the change (the NFIP’s sorry finances) has only gotten worse since then."
#EnvironmentalPolitics
#Trump
http://bit.ly/FloodInsurancePremiumsRising
Or they could offer insurance to folks a whole lot further inland.... where river flooding is more the problem, and expand their pools
ReplyDeleteJoseph Teller I have one of those "inland" policies for a flash-flooding stream in my backyard. Those rates may also rise, as we are experiencing more flash flood events.
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