FEMA has updated their risk rating methodology to a new pricing structure called Risk Ration 2.0. Here’s just a few things you can expect. This is the biggest pricing change in over 50 years. About 77% of FEMA policies will see a renewal price increase. Thankfully, FEMA has ordered a cap increase to 18% in any one year. Still, it’s important to consider what impacts this new methodology can have on your current or future home. To read more about these changes you can go to the FEMA website by Clicking Here.
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