After introductory remarks by Congressman Joe Courtney and Connecticut REALTORS® President Debra Chamberlain, Bob Desaulniers, Regional Insurance Specialist from FEMA, Congressman Joe Courtney (left) and Debra Chamberlain, CTR President spoke at a forum hosted by Congressman Courtney in Groton on September 24, 2014 to discuss the National Flood Insurance Program’s (NFIP) implementation of the Congressionally […]
In 2012, REALTORS® worked together to obtain a five-year extension of the National Flood Insurance Program. Afterwards, REALTORS heard from clients about exorbitant rate hikes and wildely inaccurate rate quotes in the program. REALTORS were first to report the problems and NAR worked with friends on Capitol Hill to introduce legislation to delay rate hikes […]
On March 13, 2014, the United States Senate voted 72-22 to approve the Homeowner Flood Insurance Affordability Act (H.R. 3370). Read more… Flood Insurance Premium Rates – At a Glance Passage of the bill will also assist Eastern Connecticut commercial real estate. Watch an NAR video about the impact on commercial real estate at http://www.realtor.org/videos/flood-bill-helps-commercial […]
WASHINGTON (January 30, 2014) – The following is a statement by National Association of Realtors® President Steve Brown: “The Homeowner Flood Insurance Affordability Act, S. 1926, passed by the Senate this afternoon is the time-out Realtors® first advocated when dramatic flood insurance premium increases went into effect on October 1, 2013. Read more..
Many properties in eastern Connecticut are near bodies of water. What effect will the changes to the NFIP have on property values in Eastern Connecticut? The answer is not clear at this time but ECAR will be studying the issue. In the meantime, you can access “A GUIDE TO THE OCTOBER 2013 CHANGES TO THE […]
Flood insurance is an important factor in the sale of homes in Eastern Connecticut along the shoreline and on rivers and streams. The following is an October 30, 2013 statement by National Association of Realtors® President Gary Thomas: “The bipartisan ‘Homeowner Flood Insurance Affordability Act’ introduced today in the Senate by Sens. Robert Mendendez, D-N.J.; […]