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AUTHORIZATION for the RELEASE NEW2015FINAL042715 DOCX Biggert Waters Flood Insurance Reform Act of and Homeowner Flood Insurance

AUTHORIZATION for the RELEASE NEW2015FINAL042715 DOCX Biggert Waters Flood Insurance Reform Act of and Homeowner Flood Insurance

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increase in flood insurance because of the federal legislation that was passed in july that almost nobody knew anything about was done very quietly and the bottom line is there are caps on flood insurance costs to get a mortgage you have to have flood insurance and literally to boil it all down there's the potential for people's flood insurance to go from a premium of two or three thousand dollars a year to twenty or thirty thousand dollars a year and if you don't think that's going to affect the real estate market businesses tourism absolutely it already has second track is the fema maps and by the way that flood insurance and a wet blanket on real estate absolutely and the flood insurance issue everybody has to understand this is totally separate and apart from anything to do with sandy it would have happened if sandy never happened and that's something we've got to hold our federal legislators on both sides of the aisle to their feet t

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