Good News For Those Who Want Higher Flood Insurance Premiums
For those of you who support higher flood insurance premiums, there's good news afoot.
The U.S. House of Representatives approved a bill that raises premiums, phases out subsidies for flood-prone older homes, and forces property owners in floodplains to buy policies whether they want them or not.
The U.S. Senate is now considering the bill along with several other proposals designed to "strengthen" the national flood insurance program. "Strengthen" is bureaucrat-speak for making something more expensive and harder to administer.
Oh, by the way, the Federal Emergency Management Agency (FEMA) raised flood insurance rates by 6-percent recently all by themselves. You may have missed that little factoid.
For those of us who are having problems paying for income taxes, homeowner's insurance, gasoline, mortgages, property taxes, and still putting bread on the table, this new "strengthening" of the flood insurance program is especially troublesome.
In Florida, taxpayers from Pensacola to Key West are flooding the hallways at county commission meetings and begging for tax relief -- and finding little if any help from elected officials. Now, FEMA says that in order to make the national flood insurance program actuarilly sound, it needs to increase its current premium income of $2-billion by at least sixfold. Sixfold. That's a nice way of saying they want to increase premiums by 600-percent.
Folks, I don't use this blogsite for political purposes. It's supposed to be about helping you buy and sell real estate in a more educated manner. But brother, don't you think its is about time that regular taxpayers let elected officials, government bureaucrats and greedy insurance executives know that people are fed up with price increases and that we have limited resources for paying all this stuff? At some point we need money for such minor items as food, clothing, shelter and to put something away for retirement.
Maybe we should point these facts out to the elite power structure who is seeking to rule our lives and take all our money. Now -- right now -- might be a good time to start. After all, I hear there's an election coming up in November.
For more infomation on real estate matters in Tampa Bay, visit my website at www.thestpeterealestatesite.com.
The U.S. House of Representatives approved a bill that raises premiums, phases out subsidies for flood-prone older homes, and forces property owners in floodplains to buy policies whether they want them or not.
The U.S. Senate is now considering the bill along with several other proposals designed to "strengthen" the national flood insurance program. "Strengthen" is bureaucrat-speak for making something more expensive and harder to administer.
Oh, by the way, the Federal Emergency Management Agency (FEMA) raised flood insurance rates by 6-percent recently all by themselves. You may have missed that little factoid.
For those of us who are having problems paying for income taxes, homeowner's insurance, gasoline, mortgages, property taxes, and still putting bread on the table, this new "strengthening" of the flood insurance program is especially troublesome.
In Florida, taxpayers from Pensacola to Key West are flooding the hallways at county commission meetings and begging for tax relief -- and finding little if any help from elected officials. Now, FEMA says that in order to make the national flood insurance program actuarilly sound, it needs to increase its current premium income of $2-billion by at least sixfold. Sixfold. That's a nice way of saying they want to increase premiums by 600-percent.
Folks, I don't use this blogsite for political purposes. It's supposed to be about helping you buy and sell real estate in a more educated manner. But brother, don't you think its is about time that regular taxpayers let elected officials, government bureaucrats and greedy insurance executives know that people are fed up with price increases and that we have limited resources for paying all this stuff? At some point we need money for such minor items as food, clothing, shelter and to put something away for retirement.
Maybe we should point these facts out to the elite power structure who is seeking to rule our lives and take all our money. Now -- right now -- might be a good time to start. After all, I hear there's an election coming up in November.
For more infomation on real estate matters in Tampa Bay, visit my website at www.thestpeterealestatesite.com.
-30-
posted by Terry Ward at 8:40 AM
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