Some property owners in Douglas County, Kansas, could soon pay more for federal insurance.
The federal government’s decision to phase out subsidized insurance in special flood hazard areas will increase costs for 168 property owners in Douglas County. Most of the property is along the Kansas and Wakarusa rivers.
Andy Megrail of the Federal Emergency Management Agency briefed Douglas County commissioners on the changes on Dec. 4.
The Lawrence Journal-World reports the first rate increases will be for all properties in special flood areas that are not used as a primary residence.
Those with primary residence in the areas will receive subsidized coverage as long as they own the property and if they keep the policies current. If the insurance lapses or the property is sold, full insurance rates will be charged.
Topics Trends Flood Pricing Trends Property Kansas
Was this article valuable?
Here are more articles you may enjoy.
Artist Suing FIFA Over Destruction of Dallas Whale Mural 
Trump Scraps Ocean Sensors Providing Crucial Data on Climate, Flooding 
D&O Market Expected to Tighten Under Pressure, Says AM Best 
Georgia Brokers and Agents Alarmed After Court Ruling Expands Liability for Them 
