OC News- Millions of Americans face higher flood insurance premiums

April 12, 2015 6:45 PM

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Countless Americans face greater premium for flood insurance coverage defense after a brand-new regulation that came into effect this month. The new legislation permits the insurers to increase the premium by approximately 18 percent. As numerous American households are still struggling to recover from Sandy, they are now beginning at greater premium expenses for flood insurance coverage.

The insurance coverage costs is usually tall for family members residing in areas with tall risk of flooding. For the second time in 2 years, Congress has actually made modifications to the regulation, permitting the insurance policy providers to boost the costs. The Congress says that the adjustmen...

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