MIAMI — Sharp increases in federal flood insurance rates are distressing
coastal homeowners from Hawaii to New England and are starting to hurt property values and housing sales in areas just beginning to recover from the recession, according to residents and legislators.
This will prevent
coastal homeowners from having to pay deductibles in their insurance policies.
Not exact matches
Given these considerations, we would argue that
coastal homeowners, insurers, the re-insurance industry, and every other potential stakeholder in this debate would be wise not to take false comfort
from the notion (which the headlines resulting
from this paper will inevitably feed) that climate change poses no future Atlantic hurricane threat.
New York offered
coastal homeowners in certain areas a buyout program to incentivize moving away
from the coast and turning that land into greenspace intended to provide protection
from future storms.
We see this done by individual
coastal homeowners who build structures to keep the water away
from their properties.
There's also some serious risk
from hurricanes and
coastal storms, as well as fire damage coverage, general liability coverage, and even odd endorsements like coverage for sewage backups that some Bowie
homeowners have found to be indispensable when unforeseen problems are ruining a home.
There's also some serious risk
from hurricanes and
coastal storms, as well as fire damage coverage, general liability coverage, and even odd endorsements like coverage for sewage backups that some Dundalk
homeowners have found to be indispensable when unforeseen problems are ruining a home.