Federal Flood Insurance Update

As of Friday the House of Representative voted to overhaul the federal program which provides flood insurance to many owners of Fort Lauderdale Real Estate.  Over the last few weeks many buyers of area properties were unable to get flood insurance through the federal program and were limited to other often more expensive sources. The change in the program could result in higher premiums for high risk areas that have flooded before. The senate still needs to address the changes and even though buyers will be able to obtain insurance through the program shortly, once again the solution is temporary and will need to be funded again by the federal government.

Thinking about Ft. Lauderdale Real Estate, have a question ? We are here to help at Eric Miller and Associates, www.FortLauderdaleGroup.com