If you are paying over $1,500 per year in flood insurance OR have receive an increase in flood insurance premium over 25% then your flood policy probably was “rated” incorrectly”.
There are many reasons your property was rated incorrectly;
40% of the rating documents are incorrect
Simple mitigation retrofits can reduce your premium by 80%
You may need an Elevation Certificate, but this could save you thousands.
Bottom line, here are the maximum increases ALLOWABLE under HFIAA (Homeowners Flood Insurance Affordability Act HR-3370)
Premium rate increases of 10 to 25 percent on each policy.
A $25 surcharge on each policy on primary home.
A $250 surcharge on secondary homes and businesses.
Repeal of some of the grandfathered pre-FIRM subsidies.
If you are paying over $1,500 a year and would like for us to review your policy feel free to email us. StopFemaNow@gmail.com
(Please include your cell number and exact address of property)
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