Flood insurance hike delay strategy in the works by lawmakers

coastal flood homeowners insurance

A bipartisan effort to delay the rate increases by four years is trying to ensure that coverage will remain affordable. A bipartisan lawmaker group is now in the midst of an effort to delay the changes to the federal flood insurance program for another four years, as they are currently threatening to stick thousands of homeowners with hikes to their premiums that they will not be able to afford. This move has been made at a time in which the government is lining up to make a massive overhaul of…

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