Senators attempt to delay National Flood Insurance Program premiums

Posted on Wednesday, January 22nd, 2014 at 2:55 pm    

On Tuesday, January 7 legislators voted to temporarily stop insurance premium increases related to the National Flood Insurance Program. If passed, the premiums could affect many U.S. property owners negatively.

According to reports, a group of senators are rallying to pass the Homeowner Flood Insurance Affordability Act in order to delay the insurance premiums related to the National Flood Insurance Program.

Senators decided to support the Homeowner Flood Insurance Affordability Act after receiving numerous complaints from property owners, claiming that some people would face a 25% increase in insurance premiums.

Though coastal regions are more likely to be confronted with flood-related damage, no region is safe from tumultuous weather. The attorneys of Smith Kendall, PLLC, understand that many people in Dallas struggle with high insurance costs. If your insurance company is delaying damage reimbursement after a storm call 214-361-6124.