Repayment Begins to Help Replenish National Flood Insurance Program

April 3, 2015 8:21 PM

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Repayment Begins to Help Replenish National Flood Insurance Program

According to experts, repayment has started to aid replenish the National Flood Insurance Program. Various coast homeowners saw a drastic raise in their flood insurance premiums.

The experts said that the National Flood Insurance Program is presently dealing with a 24 billion dollar deficit. Money gathered from increased insurance premiums and policy fees is going to aid program rebuild funds. These funds will aid in case of another storm on the coast or around the nation.

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