Panama City Beach Real Estate | Update of Flood Insurance 07/16/10
Posted on July 16, 2010
Filed Under Florida real estate - Investor Insights | No Comments yet, your thoughts are welcome
Here’s an update on Floor insurance for both buyers and sellers – Thanks to Kathy at Visions Bank…
House Backs Update of Flood Insurance (Washington Post (07/16/10) P. A16)
The House has voted to revamp the National Flood Insurance Program by increasing premiums, deductibles and coverage; and phasing out subsidies for vacation homes and for people living in flood-prone areas. The Senate will now take up the bill for the NFIP, which is saddled with debt due to billions of dollars of losses from Hurricane Katrina and population growth in flood zones and which has not been updated by Congress since
1994.
Owners, put my technology to work for you. If you are interested in selling your home or condo, contact me today (850) 774-6582 for a free no obligation Home value report.
Buyers, when you’re ready to purchase a Panama City Beach Gulf or Bay front condo for your vacation home, contact me directly (850) 774-6582 for the latest information and pricing on any of the Panama City Beach homes sale.
Jennifer Mackay
850-774-6582
Panama City Real Estate | Florida
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