Perhaps you've already heard that FEMA has new rules for flood insurance. We are getting reports that a new elevation certificate is required and these certificates are pricey. Once the new quote comes in, it's higher than expected. For instance one family selling their home told a buyer they were paying $400 per year for flood insurance. Under the new system their buyer will have to pay $2300.
We are also hearing that there may be legislation moving to delay or change this new FEMA rule. What have you heard?
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