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MA Flood Insurance Will Hopefully Find Some Relief

Posted by Chris Devin  March 31, 2014 10:50 AM

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BY: Keith O'Connell-President OIG


There are people being somewhat ambushed with the release of the new flood maps. That said, people who thought they were ok now are finding out that they are either in or below elevation requirements. The kicker is that some people were told one thing and then the Federal Goverment came back and said it's now even higher!

The bright spot is that the Mass House has approved a bill where they would calculate flood premiums off of your remaining mortgage balance as opposed to the actual replacement costs. Its off to the House next and hopefully will be approved! For more information click here.

If you have questions about flood insurance or any insurance needs that you may have you can reach out to Keith O'Connell at OIG by clicking here.

This blog is not written or edited by Boston.com or the Boston Globe.
The author is solely responsible for the content.

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