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Expect flood insurance rates to rise

Expect flood insurance rates to rise

Hinesville GIS coordinator Anna Phill...

POSTED: December 11, 2013 10:59 a.m.

Expect flood insurance rates to rise

Property owners and real-estate agents in Coastal Georgia are bracing for rising insurance rates due to federal legislation that has changed the way the National Flood Insurance Program operates. The new law is phasing out some subsidized rates, such as for vacation homes, and will raise insurance premiums for those properties at most risk of severe or repeated flooding.

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