“It doesn’t do any good to offer flood insurance to people if they can’t afford it” – Senator Kennedy (LA)

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Senator Kennedy discusses opposing Flood Insurance legislation being debated in congress.

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The Maxine Waters Flood bill, passed in the house last week, increases premiums up to 18% compounded yearly, until the home reaches it’s actuary rate.

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Senators Kennedy / Cassidy and Menendez have proposed an opposing Flood Insurance Bill it capping premium increases to 9% compounded yearly, until the home reaches it’s actuary rate.

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Click on video below to hear Senator Kennedy and other elected officials discuss how the flood increases will affect virtually every policyholder.

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