Get Ready for Flood Insurance Premiums To Go Up October 2013

New Orleans, Florida and up the East Coast of the United States to New York, could see higher flood insurance rates starting in October.

For Florida this means approximately 260,000 property owners could be paying more and approximately 71,000 in South Florida. If you have a home, second home or business along a waterfront, low lying area or considered in a flood zone you are going to see a rate increase.

What brought on this increase? Hurricanes, Tropical Storms, Rain and more Rain causing natural disasters and a ton of money going out from the government. As of last year, Congress added a 25% premium increase to make the National Flood Insurance Program (For Florida this means Citizens Flood Insurance) financially responsible for disasters and reflect actual flood risk.

Add your zip code to see if there are any flood zone changes for your area Here

If you own property that is in a flood zone according to the Federal Flood Plain Map, you will feel the crunch on your wallet. As of January 2013 this increase was implemented for second home property owners and in October, every property owner will feel the increase. This will continue every year until the actual risk rate considered appropriate is reached for Flood Zone properties.

Citizens Insurance is holding a meeting for their policy holders in Tampa, Fl today to discuss the increases and the spike in the cost of sinkholes in Florida. If you cannot make it you can email your questions and concerns. (click on link for Citizens for more information).

There are some things you can do to help decrease your premium. We also work with Citizens Insurance along with other flood insurance agencies to get you the best flood insurance rates. .

Contact us today and get your questions answered.863-453-3903

or visit our website budgetbirite.com  and fill out the form and we will have an agent contact you within 24 hours.

We find insurance that meets every budget!
Ashley Bishop Owner/Agent
Budget Bi Rite Insurance, Inc
Serving All of Florida

Finding a Homeowner Insurance Policy that will meet your budget!

ahouse copyOver the past 7 years while Florida has been hurricane and basically natural disaster free, home insurance rates have gone up and in 2013 are expected to rise more.

The competition for homeowners insurance is big, and we at Budget Bi Rite want you to be able to get the savings, and the best policy for your property.

We have now included Citizens Insurance Property Insurance Corp on our list of agencies to better serve you.  Citizens Insurance is for homeowners who through various situations could not be insured by a private insurance company. If  you for any reason you are having a hard time finding insurance for a price that will meet your budget or are not able to obtain insurance, give us a call today to get your questions answered. 863-453-3903

or visit our website budgetbirite.com fill out the form and we will have an agent contact you within 24 hours.

 We find insurance that meets every budget!

Ask us about deductibles as low as $100.00.

Ashley Bishop Owner/Agent

Budget Bi Rite Insurance, Inc

Serving All of Florida