The House measure would also give relief to people who have bought homes after the 2012 overhaul and therefore face sharp, immediate jumps in their premiums. Those homeowners would see rate increases capped at an average of 15 percent, with a maximum of 18 percent per years. People whose second home is in a flood zone and those whose properties have repeatedly flooded would continue to see their premiums go up by 25 percent a year until reaching a level consistent with their real risk of flooding. huffingtonpost/huff-wires/20140304/us--flood-insurance/?utm_hp_ref=green&ir=green
Posted on: Wed, 05 Mar 2014 09:58:32 +0000
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