News Your Flood Insurance Rate Could Spike This Year. Here’s What You Should Know The bungalows along Emmons Avenue. (Photo: Alex Ellefson / Sheepshead Bites)For the second year in a row, Sandy-battered homeowners are getting squeezed by the FEMA flood insurance program. Homeowners in high-risk flood zones could see their insurance rates spike by as much as 25 percent, under new FEMA guidelines that
biggert-waters flood insurance reform act of 2012 Law Offering Reprieve From Flood Insurance Hikes Makes Way Through Congress Source: Wikimedia CommonsThe U.S. House of Representatives passed legislation that would scale down scheduled hikes in flood insurance rates that could have seen some homeowners paying 10 times the amount they do now. The bill, the Homeowners Flood Insurance Affordability Act of 2014, will now go to the Senate,
