On top of homeowner premiums, policyholders could face a new tab coming soon: Flood insurance

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When State Rep. Dianne Hart heard details about a requirement for flood insurance — part of legislation in the special session on property insurance reforms — she saw right away what would happen:

“If I gotta buy flood insurance, that means I have to add a premium to my already exploded premium,” said Hart, who represents part of Hillsborough County and is chair of the Florida Legislative Black Caucus.

“Some people say, well it’s only $400 a year,” Hart said, “but every single dime to low minority communities is a dollar. It is not a

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1 thought on “On top of homeowner premiums, policyholders could face a new tab coming soon: Flood insurance”

  1. I don’t think the Consumer/Homeowner has been heard and represented fairly at the Tallahassee INSURANCE HEARINGS. Good thing it wasn’t held BEFORE elections here. Really, now flood insurance too? No rate reductions for folks with no claims; and no State help from a Company Citizens; was this conference only “eye-wash” about being concerned? Oh yeh, encourage more insurance companies to insure in FL or move here….and charge us their high rates? How did the consumer make out….I don’t think Florida homeowners/voters are very happy now. Even the AUTO Ins. Agency gives discounts for no claims/safe drivers…couldn’t something similar be applied to homeowners with no claims?!!

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