The president is set to sign legislation relieving homeowners in flood-prone neighborhoods from big increases in their insurance bills.
Congress passed a bill scaling back flood insurance premium increases, allowing below-market insurance rates to be passed on to people buying homes.
Legislation backed by Attorney General Martha Coakley and state House Speaker Robert DeLeo aims to soften the impact of new federal flood insurance rules on some homeowners.
As one prepares for the catastrophes of life we need to consider insurance as a financial tool.
It just got more expensive for some people to own a home. It’s not rising interest rates, but another cost that will impact some homeowners.
Several North Shore homes and businesses were damaged by severe flooding on Tuesday morning. As a result, hundreds will be looking to know if their insurance covers the damage.
Some local families are furious with Bank of America. They claim the massive institution bullied them into buying expensive flood insurance which they didn’t need.
From roof tops to basements, homeowners are already worried for the next threat from all our snow: flooding.