Hebbeln Insurance Blog: flood
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Saturday, August 22, 2015Blame Congress. The HFIAA (Homeowner Flood Insurance Affordability Act) Surcharge started in 2015 as mandated by Congress. The reason - Congress is capping the allowable annual rate increase for high risk properties. So the HFIAA surcharge is designed to offset the possibly insufficient collected premium for these subsidized properties. READ MORE >>
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