Last week the Senate voted 72-22 to approve the bipartisan Homeowner Flood Insurance Affordability Act. The bill prevents flood insurance rate increases for property owners across the country, and the President is expected to sign the bill in to law when it reaches the White House. We’ve outlined the key points of the bill that will take effect once that final step is taken.
On Jan. 30, 2014, the United States Senate voted to approve the Homeowner Flood Insurance Affordability Act. What does this mean for the real estate market? Keep reading to find out the five things we think you should know about this new bill.
February 10, 2014