Sanibel Real Estate Blog: NAR Applauds Flood Bill Passage

According to NAR, H.R. 2874 authorizes $1B to elevate, buy or mitigate high-risk properties; caps premiums at $10K per year; opens up coverage to the private market; allows community flood maps and an appeal process; improves the claims process; and deals with properties that flood repeatedly. Originally to expire on Dec. 15th, this seems like good news.

This bill will help on Sanibel real estate owners. If you are looking for Sanibel real estate check out our website at www.chuckandrews.com or give us a call to discuss area real estate anytime.

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