Congressman Bilirakis proposes bill to provide flood insurance rate relief

12:00 AM, Oct 25, 2013   |    comments
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Could there be some relief on the way when it comes to flood insurance rates?

U.S. Congressman Gus Bilirakis has introduced new legislation designed to cap premiums, phase-in increases over 10 years, and allow homeowners to pay premiums on a monthly basis instead of an annual lump sum.

The proposed bill comes after a new law went into effect earlier in October that phased out flood insurance subsidies and increased rates by the thousands.

"Homeowners across the country are currently facing significant rate increases as a result of reforms made to address the solvency of the NFIP," said Bilirakis. "This legislation is a backstop for catastrophic rate increases that have not only created significant hardship for hardworking Americans, but also have the potential to limit or freeze home sales that would help in the recovery of our already fragile housing market."

RELATED: Flood insurance rates could spawn another foreclosure crisis

Wondering if you're in a high risk flood zone? CLICK to search for your address on the Federal Emergency Management Agency's(FEMA) official Map Service Center.

Once you find the map for your area, use FEMA's "Definitions of FEMA Flood Zone Designations" to better understand what it's showing.

Maps provided by Bay Area counties:

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If you want to contact your Congressman:

Rep. Gus Bilirakis (R), Dist. 12:
2313 Rayburn HOB
Washington, DC 20515
Phone: 202-225-5755
Fax: 202-225-4085

Rep. Kathy Castor (D), Dist. 14:
205 Cannon House Office Building
Washington, DC 20515
Phone: (202)225-3376
Fax: (202)225-5652

Rep. Dennis Ross (R), Dist. 15:
229 Cannon HOB
Washington, D.C. 20515
Phone: (202) 225-1252
Fax: (202) 226-0585

Rep. Vern Buchanan (R), Dist. 16:
2104 Rayburn HOB
Washington, DC 20515
Phone: (202) 225-5015
Fax: (202) 226-0828

Sen. Marco Rubio (R)
284 Russell Senate Office Building
Washington DC, 20510
Phone: 202-224-3041

Sen. Bill Nelson (D)
United States Senate
716 Senate Hart Office Building
Washington, DC 20510
Phone: 202-224-5274
Fax: 202-228-2183

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