Posted on March 26, 2014 - 06:48 PM
by Estefene Nestor
President Obama Signs Flood Insurance Bill into Law
On March 21, 2014, President Obama signed the “Homeowner Flood Insurance Affordability Act” into law. This law repeals FEMA’s authority to increase premium rates at time of sale or new flood map, and refunds the excessive premium to those who bought a property before FEMA warned them of the rate increase. The bill limits premium increases to 18 percent annually on newer properties and 25 percent for some older ones. Additionally, the bill adds a small assessment on policies until everyone is paying full cost for flood insurance.
Kelly Gabbadon I can't thank you enough Nestor you made my dream possible in 1 short month when everyone said it would take some time to sell & although it was a lot of work selling my 1st home you walked me straight through & for that I am forever grateful..
766 Gatewood San Leandro California..Kelly Gabbadon
In all our dealings with Realtors over the past ten years, we have never met anyone as helpful and energetic as you have been. Without hesitation, we would highly recommend your service to anyone who is looking for an experienced Realtor who cares about getting things done and doing them right! Thanks for taking such good care of us, we couldn't have done it without you!Ms Doloris Lopez