Remember all of the outcry in late 2013 & early 2014 about flood rates increasing due to changes approved in the federal 2012 Biggert-Waters Flood Insurance Reform Act? Well, once it was amended with the “Homeowner Flood Insurance Affordability Act,” people in coastal zones and flood prone areas seem to have forgotten about how flood insurance can affect their homes and businesses.
Miami-Dade county has more subsidized flood policies than any other county in Florida, other than Pinellas County. If you own property in Miami-Dade county that isn’t in zone X, B, or C, and have a mortgage, contact your insurance provider to see what you can do to reduce your flood premium. Notices will start going out the first week in April.