You’ve probably heard that FEMA has revised its flood maps nationwide and that many Cape Cod homeowners may now require expensive flood insurance policies, even if they never needed them before. These maps, the proposed increases, and bills aimed at delaying their adoption have been a great source of confusion for homeowners and Realtors alike for quite some time.
President Obama recently signed into law a bipartisan bill that will delay flood insurance rate hikes for property owners nationwide. This is very good news for both buyers and sellers of Cape Cod properties since a significant percentage of our homes are or would be in noteworthy flood zones.
If you have questions about flood or homeowner’s insurance, or to be sure you are receiving the best possible rates on ALL your personal and commercial lines of insurance, please contact John Curley at Dowling & O’Neil Insurance Agency at (508) 957-4235 or by email at [email protected] He’ll take good care of you. Tell him I sent you.