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re: Flood insurance rate increases
Posted on 3/18/15 at 6:33 pm to bayoudude
Posted on 3/18/15 at 6:33 pm to bayoudude
NFIP is a complete clusterfrick. They said there was a glitch in there system and over half of the policies serviced through NFIP are not receiving the proof of residency letters, resulting in increases of $250 in flood premiums ($250 surcharge on all flood policies not written on primary residences).
Most people won't notice since mortgage companies pay the premiums. They'll notice it when their Escrow rebalanced though.
If this happened to you, call your agent to correct it.
Most people won't notice since mortgage companies pay the premiums. They'll notice it when their Escrow rebalanced though.
If this happened to you, call your agent to correct it.
This post was edited on 3/18/15 at 6:36 pm
Posted on 3/18/15 at 9:11 pm to Slickback
You can blame your increases at least in part to FEMA now efforting to settle all remaining Sandy claims in litigation for remaining policy limits. Oh and they're also to reopen ALL 140,000+ closed claims to re-review them in the event the insured(s) think they weren't paid enough. Why? Because New Yorkers and New Jersians and their shore houses are special. Certainly more special than Katrina claimants whose primary residence was sitting in water for weeks, not 24-48 hrs.
fricking joke. NFIP being a clusterfrick is right.
fricking joke. NFIP being a clusterfrick is right.
This post was edited on 3/18/15 at 9:13 pm
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