re: Flood insurance premiums in parts of Louisiana are about to skyrocket

quote:

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but I was told the intention is to lower rates for those currently in a flood zone and somewhat balance it raising those who aren’t.

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Over half of fema policyholders are not in flood zone. Their mortgages don’t require it.
So, govt idea is to increase rates on those who are not mandated to have it, and decrease it on those who don’t.
So, once rates begin to increase, those who are not mandated to have it will choose not to, and the bottom line of fema will decrease.