Treasure Island residents flood to meeting on insurance hikes - FOX 13 News

Treasure Island residents flood to meeting on insurance hikes

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TREASURE ISLAND (FOX 13) -

Some homeowners are trying to prepare now for a coming disaster. It's not a storm, but the cost of protecting themselves from one.

Hundreds turned out for town hall meeting in Treasure Island on flood insurance charges. An expert panel was on hand to answer any questions about the Biggert-Walters Flood Insurance Reform Act.

It impacts homes and buildings built before 1974. Those homeowners will have to pay thousands more each year for their flood insurance coverage.

It's led to big worries for residents on the barrier islands, who are starting to receive notices about the increases.

The insurance rate changes take effect Oct. 1.

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