With more than 220 home, property, and business owners in Allen County potentially facing drastic increases in the price of their flood insurance, U.S. Sen. Sherrod Brown applauded passage of a new bipartisan that would protect Ohioans from huge increases for their flood insurance premiums.
Brown fought to pass the bipartisan Homeowner Flood Insurance Affordability Act, which was passed by the Senate on March 13th and was signed into law by the U.S. President.
“This law ensures that Allen County citizens no longer face the uncertainty of steep increases in their flood insurance policies or the devastating effect of having their property value decrease because of inaccurate mapping,” Brown said. “Ohioans who live in or near flood plains should not be forced to pay exorbitant premiums to protect their piece of the American dream.”
To read the full article, please click the source link below:USA: Homeowner Flood Insurance Affordability Act Signed Into Law »