Federal Flood Insurance Premiums for Homeowners Rise

As of April 1, new rates took effect under the National Flood Insurance Program that increase individual policy premiums for homeowners in high-risk areas by as much as 25 percent.  The new rates are part of a plan to put the flood insurance program on sounder financial footing.  You can read more about these changes in the following article from the New York Times.  http://www.nytimes.com/2015/04/03/your-money/federal-flood-insurance-premiums-for-homeowners-rise-as-much-as-25-percent.html?ref=business&_r=0