NAR’s general public assertion on achievable flood insurance improvements backs mitigation and “2.,” but it doesn’t back again adopting or enforcing a real estate disclosure necessity. WASHINGTON – Leslie Rouda Smith, president of the National Affiliation of Realtors® (NAR), issued a community remark on the Federal Crisis Administration Agency’s (FEMA) […]
Flood
Flood Insurance 2.0: Congress Updates Its Analysis
National flood insurance policies will endure a seismic change for homebuyers on Oct. 1, 2021, and for existing homeowners on April 1, 2022. Less than “Risk Rating 2.,” plan premiums will be individualized based mostly on a specific house instead than a standard blanket level based mostly on flood zones. […]