Changes are coming to flood insurance. As a result, Atlanta homeowners and homebuyers need to be aware of how the Federal Emergency Management Agency (FEMA) Risk Rating 2.0 affects flood insurance rates and coverage. FEMA released several documents in early September 2021, including guidance for the upcoming transition to its new risk rating methodology. For instance, the guidance outlines how[...]
National Association of Home Builders (NAHB) applauds the efforts made by the U.S. House of Representatives to reform many of the costly and unintended consequences of the Biggert-Waters Flood Insurance Reform Act that was passed in 2012. This week, the House passed the Homeowner Flood Insurance Affordability Act, which will benefit both home buyers and homeowners. In addition, the bill[...]
If the Washington Monument were somebody’s home or private business, do you think the owner would have carried earthquake insurance? Yet, here it is, uninhabitable and closed to visitors and earning potential. Who would have expected such a thing? While this is not an effort to use scare tactics, perhaps it truly is time for owners of Atlanta real estate to[...]