546% INCREASE IN FLOOD INSURANCE- Biggert Waters…Flood Insurance Maps Show Most of Pinellas County Impacted By Rising Flood

Penny Lee moved here from Atlanta last fall and bought a modest two-bedroom on St. Pete Beach, her dream home. Her initial flood premium was high, she thought, at $1,339… Until she got her renewal notice this month. Her new policy, thanks to the Biggert-Waters Act taking away subsidies on homes bought after July, 2012, will be $8,859. She’s still trying to figure out how she’s going to pay it!

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