Flood insurance stability comes with a higher cost - pressofAtlanticCity.com: Real Estate

Flood insurance stability comes with a higher cost

Law lets rates rise as much as 20 percent per year

Staff photo by Ben Fogletto

Coastal floodinig

Water begins flooding low-lying areas of the South Inlet between Dewey Place and Pacific Avenue at the Boardwalk on June 4 in Atlantic City. Congress and President Barack Obama shored up the federal insurance program with the Biggert-Waters Flood Insurance Reform Act of 2012.

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