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Flood Insurance Premiums Force Homeowners To Move

Flood Insurance Premiums Force Homeowners To Move

| Oct 30, 2013 | Housing Market

Monthly premiums for approximately 1 million homeowners living in flood zones have increased due to the new Flood insurance plan many coastal states require their homeowners to have. According to the Federal Emergency Management Agency, Florida, Louisiana, New Jersey, California, and Texas account for approximately two-thirds of all Flood insurance policies causing monthly premiums to skyrocket. Many homeowners can not afford the increase in Flood insurance and are being forced to move inland. More here

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