New Homes in Houston TX by Long Lake

Flood Insurance Reform – Pricing Increases

How is the Flood Insurance Reform affecting homeowners? Last year when the Biggert-Waters Flood Insurance Reform Act was passed, everyone was pleased that funding for the national flood insurance program (NFIP) would continue for another five years.  Phil Hoffman, owner of Hoffman Custom Homes in Louisiana and president of the New Orleans Area HBA said, “Without that extension, we wouldn’t …