Another homeowner who faces losing their home because of the exorbitant rise in Flood Insurance premiums.
Here is his email to us;
“Hello I am a 28 year old single male living at xxxx South Merrimac Rd in Camden, NJ. I am currently paying over $1,600 a year for flood insurance and I am in jeopardy of losing my home. I can not afford this amount nor do i feel it is fair. My home is valued at $55,000 and has not had any flooding issues on record. My basement is above ground as well. Please let me know what I can do to save my home and make it affordable for myself and my neighbors. I believe our homes were incorrectly listed as a means of subsidizing the current problems Fema is having. I think its time Obama steps in to help us hardworking low income families keep our homes.