Thousands of Hillsborough County homes will see flood insurance - FOX 13 News

Thousands of Hillsborough County homes will see flood insurance hikes

Posted: Updated:
TAMPA (FOX 13) -

Hillsborough County doesn't have a single house on the Gulf of Mexico and only about 2,000 that directly front a bay.

Nonetheless, there are thousands of other single-family homes - modest bungalows as well as million-dollar mansions - that could be hit with soaring flood insurance rates under a new federal law that takes effect Tuesday.

The Hillsborough County Property Appraiser's Office released a map showing approximately 21,800 older homes that until now have qualified for lower, subsidized flood insurance premiums.

All of them could see their discounted rates phased out as a result of the Biggert-Waters Act, passed by Congress in an effort to return the National Flood Insurance Program to solvency.

Last week, The Pinellas County Property Appraiser's Office published a similar map, showing approximately 32,000 homes that will likely be affected.

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LINK:

The Hillsborough County Property Appraiser's map
http://content.foxtvmedia.com/wtvt/html/misc/HCPAFloodInsuranceMap.pdf

(Material from the Associated Press was used in this report.)

PREVIOUS COVERAGE:

Not just a beach problem: 32,000 Pinellas homes in flood insurance crisis
http://www.myfoxtampabay.com/story/23470343/2013/09/18/this-is-not-a-beach-problem

Flood insurance: financial 'missiles' about to land:
http://www.myfoxtampabay.com/story/23531849/2013/09/25/flood-insurance-missiles-about-to-land-on-homeowners-heads

 

 

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