Re:The Nightmare Scenario for Florida’s Coastal Homeowners
by vermontdevil on Thursday April 20, 2017 @07:41PM
(#14161883)
Or increase the flood insurance premiums to ensure the homeowners are aware of the risks and are contributing to it. Currently Florida has one of the lowest premiums for federally supported flood insurance. Ridiculous.
See this from the article:
The National Flood Insurance Program is up for reauthorization this year; fiscal conservatives have said they want to use that opportunity to reduce the program’s subsidies, so that people are paying something closer to the full cost of their risk.
A cut in federal subsidies would particularly hurt Florida, which despite its exposure pays the lowest average flood-insurance premiums in the country, according to FEMA data.
See this from the article:
The National Flood Insurance Program is up for reauthorization this year; fiscal conservatives have said they want to use that opportunity to reduce the program’s subsidies, so that people are paying something closer to the full cost of their risk. A cut in federal subsidies would particularly hurt Florida, which despite its exposure pays the lowest average flood-insurance premiums in the country, according to FEMA data.