President Obama Signs New Flood Insurance Law

The Homeowner Flood Insurance Affordability Act was signed today by President Obama.  This bipartisan bill limits premium increases, stops FEMAs ability to increase premiums when a property is sold and provides for some refunds.  This is good news for coastal property owners.  Here is a video discussion of the new law by the National Association of Realtors.  Click “Read More,” then click the link to view:

http://bcove.me/kfurjbif

 

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