Petersburg, FL Real Estate Blog Benjamin Contents Street. credit: bill bortzfield " 347 bay lane Saint petersburg real estate listings include local community flood hazard area..
AmeriFlood Solutions, Inc. (AFSI) is a privately owned real estate risk management company that assists commercial property owners, their respective insurance agents and brokers, evaluate the true exposure of structures located in the Special Flood Hazard Area (SFHA) in order to increase and protect the value of the real estate holding.
Last week, the U.S. Senate took action on a bill that would help coastal homeowners – especially those in Southwest Florida – combat high flood insurance premiums and passed the Homeowner Flood Insurance Affordability Act of 2013.
Pursuant to a new Federal law, premiums for residential flood insurance in Florida may soon be as high as $24,000 a year. A new law, the Biggert-Waters Flood Insurance Reform Act, was enacted by Congress in 2012 as a knee jerk reaction to the recent large scale disasters such as hurricanes Katrina and Sandy.
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This page is for homeowners who want to understand how their current effective Flood Map may change when the preliminary FEMA maps becomes effective. Releasing Preliminary Florida Flood Maps. The release of preliminary flood hazard maps, or Flood Insurance Rate Maps (FIRMs), is an important step in the mapping lifecycle for a community.
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While flood insurance isn’t mandatory in Florida, you may be required to purchase a policy to obtain a mortgage if your home is in a higher risk flood zone. The average cost of flood insurance in Florida is more than $500 per year.
Private flood insurance. When the flood insurance crisis struck in 2013, Homeowners Choice Insurance was one of the first to tiptoe into selling private insurance, saying it could undercut NFIP rates.