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Houses destroyed during Superstorm Sandy in Far Rockaway, NY. (Leonard Zhukovsky / Shutterstock.com)

New legislation that went into effect this month could allow for a National Flood Insurance Program (NFIP) rate increase of up to 18% for millions of Americans living in high-risk flood regions—and many of them may be taken by surprise.

The financial burden may be especially hard for the homeowners still struggling in the aftermath of Superstorm Sandy.

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Jayleen R. Heft

Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected]

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