Flood insurance rate hikes went into effect as scheduled Tuesday despite nationwide pleas to delay the increases, which could jack up some Florida policy prices by thousands of dollars per year.
The changes, part of the Biggert-Waters Flood Insurance Reform Act of 2012, phase out subsidies from the National Flood Insurance Program, eliminate grandfathering clauses, and call for a redrawing of flood maps that will put thousands of homes into high-risk zones.
Subscribers get total access to this story, and all our in-depth news, digital editions and exclusive content. Subscribe today, or try a 24-hour or 7-day digital pass.
All Day Access — 24-hour digital pass99¢ for 24 hours
All Week Access – 7-day digital pass$3.99 for 7 days
All Access, All the Time – Print & DigitalView Offers
Post Print Subscriber — I need to register my account for digital access.Access Digital
Registered Post Subscriber — Sign me in.Sign In