Credit: Robert Kneschke/Shutterstock.com. Flood Insurance Is Changing for Property Owners. Here's What Real Estate Clients Should Know
"There's still no transparency about why each home is going to be rated differently. I think hopefully, through time, that will clear up, but I'm a little worried about the rate discrepancy, and how they're going to do it, and how it's going to get rolled out," said Luis Gazitua, partner of Miami-based JAG Insurance Group.
October 05, 2021 at 03:21 PM
4 minute read
As FEMA's new flood risk pricing methodology marks the biggest change in calculations since 1968, it's expected to bring price hikes and disruption. Here's what the shift might mean for real estate clients.
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