Tag Archives: Shoring up Flood Insurance Comes at a Cost

The five-year extension of the National Flood Insurance Program (NFIP) last July was an achievement hailed by the National Association of REALTORS® for bringing stability and certainty to the federal program that enables property owners to access affordable flood insurance when required for a mortgage. But the new law also phases out government subsidies for some properties, which has caused confusion and consternation among practitioners who need to explain the abrupt rate increases to home owners and buyers. If you need more information about insurance then consult with your insurance […]