{"id":983,"date":"2013-06-21T19:42:35","date_gmt":"2013-06-22T00:42:35","guid":{"rendered":"http:\/\/www.orangesand.com\/?p=983"},"modified":"2013-06-21T19:42:35","modified_gmt":"2013-06-22T00:42:35","slug":"update-on-flood-insurance-rate-increases","status":"publish","type":"post","link":"http:\/\/www.thebains.com\/blog\/2013\/06\/21\/update-on-flood-insurance-rate-increases\/","title":{"rendered":"UPDATE ON FLOOD INSURANCE RATE INCREASES"},"content":{"rendered":"<p>2 U. S. representatives delayed removal of &#8220;grandfathered&#8221; flood insurance rates for one year.\u00a0\u00a0 The grandfathered and other subsidized flood insurance rates are being phased out under the Biggert-Waters Act that extended the National Flood Insurance Program for 5 years.\u00a0\u00a0 The House amendment would delay the phase-out for properties &#8220;grandfathered&#8221; under older rates in areas remapped into a higher-priced flood zone before 9\/30\/2014.\u00a0 The law&#8217;s other phase-outs &#8211; for older 2nd homes &amp; business properties and for homes purchased after\u00a0 July 2012 &#8211; will continue to take effect 10\/1\/2013.\u00a0 Two senators + National Association of Realtors are working on a longer delay and to extend some coverage.\u00a0 In July, the Senate Banking Committee has agreed to hold a hearing on the affordability of the Biggert-Waters rate\u00a0 provisions.\u00a0 The flood insurance is call the National Flood Insurance Program or NFIP.\u00a0 Some congressmen want the flood programs to pay for themselves and not take money out of the U. S. Treasury.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>2 U. S. representatives delayed removal of &#8220;grandfathered&#8221; flood insurance rates for one year.\u00a0\u00a0 The grandfathered and other subsidized flood insurance rates are being phased out under the Biggert-Waters Act that extended the National Flood Insurance Program for 5 years.\u00a0\u00a0 The House amendment would delay the phase-out for properties &#8220;grandfathered&#8221; under older rates in areas [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/983"}],"collection":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/comments?post=983"}],"version-history":[{"count":0,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/983\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/media?parent=983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/categories?post=983"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/tags?post=983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}