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Non-Tech : Investing in Real Estate - Creative Opportunities -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (2053)	2/11/2014 1:07:08 AM
From: John Vosilla	Respond to of 2722

A $24K flood insurance policy? Welcome to Florida’s new normal Imagine moving into your new Florida* vacation home only to find a $24,300 flood insurance bill in your mailbox.* Welcome to the world of George and Karen McLaughlin, Maryland baby boomers who decided to follow other “snowbirds” south for the winter. They bought their piece of paradise on one of the many channels in New Port Richey, but recent flood insurance changes now frighten the McLaughlins more than the ever-present threat of a flood. “Our agent thought it was an administrative error,” said McLaughlin, when he received that eye-popping bill for the property’s flood policy last October. ”A few days later they called to say there was no mistake.” http://watchdog.org/123093/a-24k-flood-insurance-policy-welcome-to-floridas-new-normal/ Is this what you were referring to as a stop gap measure? “The Homeowner Flood Insurance Affordability Act, S. 1926, passed by the Senate this afternoon is the time-out Realtors® first advocated when dramatic flood insurance premium increases went into effect on October 1, 2013. “This legislation will help homeowners nationwide who are experiencing financial hardship as a result of extreme flood insurance rates that are the unintended consequence of the Biggert-Waters reforms to the National Flood Insurance Program. http://sarasota-property-management.com/realtors-praise-senate-passage-bill-delay-flood-insurance-rate-increases