|Website Helps Homeowners Understand New Law Passed by Congress, Resulting Flood Insurance Rate Increases and What to Do If The Law Impacts Their Property.
Tampa, Fla, September 30th, 2013 – www.igotdropped.com, a website initially created for homeowners who had been dropped by their insurance carrier announced today it will provide essential information for policy holders facing substantial rate increases as a result of the Biggert-Waters Flood Insurance Reform Act of 2012. Section 207 of the law passed by Congress in 2012 will be implemented October 1, 2013 and will move away from subsidized Flood Insurance rates issued through National Flood Insurance Program (NFIP), resulting in rate hikes for individual properties each year until they reflect the true structural risks based on new flood plain maps. www.igotdropped.com, launched earlier this year by Brier Grieves Insurance, a Tampa Insurance Firm for better than 15 years, will provide the history of National Flood Insurance Program subsidies, details about the new Congressional Law, who is affected, and what to do if a policy holder receives a letter indicating that their property will be affected.
Commenting on the launch, agency President Brier Grieves, said “In many cases homeowners may not be aware of the changes in the law and possibility of substantial increases in premiums. We are devoting a section of our website to help Floridians understand the changes in the law, its impact, and how to determine if they have the proper elevation and required photography to insure that they get the best rates possible.”
www.igotdropped.comwas created to help homeowners who find new required homeowners insurance to protect their homes in the wake of significant numbers of policy holders losing homeowners coverage as a result of being dropped by their previous homeowner insurance carrier. Devoting a segment of the website to helping Floridians deal with the prospect of substantial rate hikes is in keeping with the websites founding goal of helping homeowners navigate sudden homeowners insurance challenges.
“Our team is devoted to helping individuals and business with all aspects of insurance coverage” said Mr. Grieves.” We understand the new Federal Flood Insurance law and the resulting rate increases will come as a shock to many, and we are offering this information to help them navigate and manage its impact.”
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