More important than the actual content of the bill will be abill that will last for more than 90 days. We came close to having risk based pricing for flood insurance two years ago (and this bill goes only a little way in that direction, targeting second homes and business properties), but most important is having a set of rules and expectations for pricing that property owners can rely on.
It’d be great if any kind of bill could give us some stability for say, five years.
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More important than the actual content of the bill will be abill that will last for more than 90 days. We came close to having risk based pricing for flood insurance two years ago (and this bill goes only a little way in that direction, targeting second homes and business properties), but most important is having a set of rules and expectations for pricing that property owners can rely on.
It’d be great if any kind of bill could give us some stability for say, five years.