"There's no perfect solution to this problem, but if we wait, all we're doing is delaying
Under the rules, homes that lost at least half their storm damage would have to be rebuilt to the flood levels on the maps. Owners of properties that suffered less damage could have to pay considerably more for federal flood insurance if they do not meet the new standards.
Property owners will have to make "tough decisions," Christie said, paying as much as
|Copyright:||Copyright 2013 United Press International, Inc. (UPI). Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.|
|Source:||United Press International|