Some Ohio homeowners who carry flood insurance on their properties may be in for a rude awakening come fall.
New data recently released by a New York City-based research group suggests millions of American homeowners, including some in Ohio, could face skyrocketing premiums starting in October when a major overhaul of the nation s flood insurance program goes into effect.
First Street Foundation estimates that rates should more than quadruple on the nation’s most flood-prone homes to make the federal flood insurance program solvent and ensure homeowners most at risk are paying their fair share.
Many property owners face rate hikes of thousands of dollars to cover the actual risk of flood-induced damages.
Some Ohio homeowners who carry flood insurance on their properties may be in for a rude awakening come fall. New data released Monday by a New York City- based research group suggests millions of American homeowners, including some in Ohio, could face skyrocketing premiums starting in October when a major overhaul of the nation's flood insurance program goes.
Some Ohio homeowners to see big jumps in flood insurance premiums msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Ohio flood insurance rates to jump, according to First Street Foundation data dispatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dispatch.com Daily Mail and Mail on Sunday newspapers.