Do you think the Flood Insurance Catastrophy of 2014 is only going to impact those rich folks?
Think Again.
Biggert Waters Flood Will Be Most Devastating to Modest Income Residents
And as a result, not just those individuals who are impacted will suffer…..entire communities will suffer.
Just as in Pinellas, it is owners of modest inland homes in Hillsborough County who will feel the brunt of the new flood insurance law.
The median size of the roughly 20,000 Hillsborough homes that will lose their lower, subsidized rates is 1,500 square feet, according to property appraiser data released Wednesday.
The median assessed value is $102,867. And the vast majority of houses — more than 80 percent — are not on the water.
