Much has been written about the Federal Emergency Management Agency’s $23 billion budget deficit and the federal government’s attempts to right the Flood insurance ship through the Biggert-Waters Flood Insurance Reform Act and the Homeowner Flood Insurance Affordability Act.

One of the goals of the legislation is for the National Flood Insurance Program (NFIP) to receive a rate commensurate with a property’s flood risk. In April 2015, FEMA began instituting surcharges, and in 2016, Write Your Own companies must implement additional rate increases, some in excess of 20% and begin the effort of re-underwriting NFIP policies.

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