Tuesday, April 3, 2007

Possible Flood Insurance Reform

There's a whole section in my new book Florida for Boomers about flood insurance and how important it is to have flood insurance regardless of where your home is located. There may be some changes to the National Flood Insurance Program coming up:

"Currently, homeowners can obtain up to $250,000 in coverage for their houses or condominiums, plus up to $100,000 in coverage for their contents. But last year, the House voted to raise those limits to $335,000 and $135,000, respectively."

It's anybody's guess whether or not these changes will be enacted by Congress, but the wheels are in motion. Read the full article