Tues., Feb. 11, 2014 10 - 11:30am 49 Schoosett Street, Pembroke, MA $5 per person Congress passed the Flood Insurance Reform Act of 2012 (Biggert-Waters 2012) which will make the NFIP more financially stable by raising rates on certain classes of property to reflect true flood risk. It will also trigger rate changes for certain properties within a revised or updated map area to accurately reflect the flood risk. The changes will mean rate increases for many policyholders over time. Buying or selling a property, or allowing a policy to lapse may trigger rate changes. This is not just for members who sell ocean front property, property by rivers, lakes and ponds may also be impacted. Although this is before Congress as this email is sent, the delay (if approved) will allow more time before some aspects of the Act go into effect while others will continue ahead as planned. Become a resource by registering now.
Posted on: Sat, 18 Jan 2014 20:53:25 +0000
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