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Tag: flood insurance
Property owners face huge flood insurance rate hikes
2013-10-05 16:02:00| Real Estate - Topix.net
Ralph Sandridge of Melbourne said he had no idea what was in store for him after he and his wife purchased a second home a year ago in Haines City, about a 90-minute drive away.
Tags: rate
property
face
owners
The hard math of flood insurance in a warming world
2013-10-05 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Time: Thousands of homeowners in flood-prone parts of the country are going to be in for a rude awakening. On Oct. 1, new changes to the National Flood Insurance Program (NFIP), which offers government-subsidized policies for households and businesses threatened by floods, mean that businesses in flood zones and homes that have been severely or repeatedly flooded will start going up 25% a year until rates reach levels that would reflect the actual risk from flooding. (Higher rates for second or vacation...
Tags: world
hard
insurance
warming
Homeowners, real estate agents want flood insurance rate hike delayed
2013-10-03 22:30:30| Real Estate - Topix.net
One Realtor says, "Just the threat of flood insurance rates going up will keep potential buyers from buying."
Tags: real
rate
estate
insurance
Flood insurance hikes could 'devastate' real estate market
2013-10-02 02:05:31| Real Estate - Topix.net
Flanked by dozens of people in the real estate industry, on Tuesday Governor Rick Scott predicted dire consequences of the flood insurance hikes that kick in this month.
Tags: real
estate
market
insurance
Living in a flood zone? Check your insurance. It may be about to go up.
2013-09-27 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Christian Science Monitor: If you live on a coastline or in a river flood plain, check your flood insurance and where your home or business sits on the latest federal flood maps. As of Oct. 1, the final stages of a 2012 flood-insurance reform law kick in, aimed at substantially reducing subsidies for federal flood insurance. Premiums charged to most once-subsidized policyholders are slated to rise over the next four years, until the premiums reach the rate that reflects the true flood risk their properties face. The Federal...
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