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Proposed Legislation Might Affect Flood Insurance

How many of you pay attention to proposed legislation as it occurs in Washington? I know. It’s hard to stay updated, in addition to everything else we have going on: kids, work, running errands, and the occasional social outing to remind you that you’re a human being and that having friends is a good thing.

But every now and then, we come across a headline that should catch our attention. At least that should be the case when the consequences of the proposed bill could have serious implications on your bank account balance.

FEMA’s National Flood Insurance Program (NFIP) has been having financial issues for a while. This month, the House of Representatives will evaluate a proposal that attempts to save the NFIP.

How will this affect me?

As a Florida resident, you should be paying close attention to anything that has to do with flood insurance, considering that we are the state in the nation with the highest number of flood insurance policy holders. If rates increase, you’ll feel it. Especially when you take into account that in every list of most devastating natural disasters, more than a handful are hurricanes. Five out of every 12 months for us are considered to be hurricane season, and we are a state that’s surrounded by water. So yes, Toto, we have to pay attention to this bill.

Will my property be protected?

The first thing you should do is determine whether your home is in a high risk flood area. The easiest way to do that is to contact National Flood Experts for a free evaluation. If it turns out you do need to be concerned, do your homework regarding which kind of policy would best protect you.

Even when we’re really busy, we do spend time here and there on social media, spacing out while looking at the TV screen, or checking out sports stats online. Take a few moments to ensure the safety of your home. Your family and your conscience will appreciate it.

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