Warning: Creating default object from empty value in /home3/inspo77/public_html/wp-includes/ms-load.php on line 113
Federal Flood Insurance Premiums for Homeowners Rise

Federal Flood Insurance Premiums for Homeowners Rise

Federal Flood Insurance Premiums for Homeowners Rise
News from New York Times:

Photo

Floodwaters from the Ohio River in Covington, Ky., last month. Policy premiums will be higher for homeowners in areas of high risk for flooding. Credit Mark Lyons/European Pressphoto Agency

Homeowners with federal flood insurance will get some unwelcome news when they receive their next policy renewal notice.

As of April 1, new rates took effect under the National Flood Insurance Program that increase individual policy premiums for homeowners in high-risk areas by as much as 25 percent. Plus, policyholders will see new surcharges, $ 25 for owner-occupied primary homes and $ 250 for second homes.

continues on New York Times

… Read the full article


Related News:

Getting Your House In Order: For People With Homeowners Insurance
Your Guide To Recovery After A Loss To Your Home You’ve suffered a loss to your house: fire, wind damage, massive water damage, …
How To Handle Your Homeowners Insurance Claim
This book serves as an outline of what a homeowners insurance policy covers and how the claims process works. It also provides tip…