Sarasota Flood Insurance
A lot of buyers I have been working with have been concerned about potential price increases and changes for Sarasota flood insurance . Well, there's good news on this subject. Today, the House passed a measure that repeals the huge increases home buyers and home owners were threatened with under the Biggert/Waters Flood Insurance Act of 2012. The new bill passed today will allow homeowners to keep their current flood insurance rates even after new flood maps are drawn. It also allows home buyers to keep a home's current lower, subsidized rate, rather than prompting a full scale flood elevation survey and new policy at a much higher amount. On average, it is predicted flood insurance premiums will increase 15% annually rather than the 300% to 500% increases being reported prior to the new bill's enactment. Beachfront home for sale on Manasota Key $4,250,000 The bill still has to be reconciled with the Senate version of a similar bill, then sent to Presiden...