No Easy Fix On Flood Insurance, But Options Exist
By DAVID B. CARUSO, Associated Press | |
Associated Press |
But experts say
Lawmakers this month tweaked the troubled program after acknowledging that a previous overhaul had socked policyholders with rate hikes they couldn't afford. But at least 1.1 million policyholders are still likely to see premiums rise substantially. An AP analysis found hundreds of places where future rate hikes might make it tough for people to keep their homes.
Some ideas fox a long-term fix include low-interest loans to help people elevate or flood-proof their homes and vouchers for those who truly can't afford high rates.
Copyright: | Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. |
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