In last week’s post, we discussed the different flood zones and what they mean for your property. Remember, all properties and homes in the US are in a flood zone. Here is a quick refresher of the three current flood zones: An “X” zone is considered non-hazardous and lenders do not typically require flood insurance…
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White House signs Homeowner Flood Insurance Affordability Act
Information courtesy of Selective Insurance, photos courtesy of AL.com President Obama Signs the Homeowner Flood Insurance Affordability Act of 2014 On Friday, March 21st, HR3370, also known as the Homeowner Flood Insurance Affordability Act of 2014 was signed and approved by President Obama. This bill introduces changes to the NFIP (National Flood Insurance Program)…
Senate to hold off flood insurance
From an article posted January 30, 2014 at 10:55 AM by The Associated Press on al.com WASHINGTON (AP) — Hundreds of thousands of homeowners facing big flood insurance premium increases would see those rate hikes delayed for years under legislation that’s set to pass the Senate. The bipartisan legislation comes amid protests that it would…