Tag: flooding

Just as the winter weather is finally starting to warm up and snow-covered cities across the U.S. are starting to see sunlight, homeowners who have purchased flood insurance under the federally backed National Flood Insurance Program (NIFP) received an unwelcome surprise: starting on April 1st, policyholders have begun receiving renewal notices with substantially higher premium rates than before. According to the New York Times, the rate changes are not consistent across the board; instead, the majority of homeowners will see increases between … Continue reading “Federal Flood Insurance Premiums Skyrocket for High-Risk Area Homeowners”