The Alarming Statistic That Demands Attention It’s a startling revelation that raises pressing concerns for New Mexicans. According to a recent LendingTree report, New Mexico has earned the dubious distinction of being the state with the highest percentage of uninsured homes in the nation. A staggering 23.3% of homes in the state lack any insurance coverage, equating to roughly 133,340 uninsured homes out of the state’s 572,000. To put this into perspective, the national average hovers at 13.6%, making New Mexico’s unenviable position a stark outlier. For homeowners across the…
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FEMA flood insurance rate update released by ZIP code and county
The Federal Emergency Management Agency has unveiled its price increase updates. The Federal Emergency Management Agency’s (FEMA) Risk Rating 2.0 flood insurance calculation method caused an uproar among advocates and critics who said that homeowners were destined to send prices skyrocketing for thousands of property owners. Homeowners in low-elevation coastal locations would be particularly affected, said critics. FEMA has now released data that reveals where prices will be increasing and decreasing, based on county and ZIP codes. The Miami Herald conducted an analysis of the new data and determined that…
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