How the NFIP impacts Florida’s real estate market?

BRW MIAMI

Beyond Real Wealth founded in the 2012, is a company Located in North Miami Beach, Florida, United States, dedicated to provide the best and most up to date tools to acquire Mortgages, buy and sell Real Estate, Investments, Life Insurance, Retirement Accounts, Income Tax, Notary and Investor Visa. We experienced the difficulty of acquiring a mortgage to buy a real estate property and realize through family, friends and acquaintances the great need for financial aid. So, we decided to take hands on the matter and form a single entity that will take care of the main financial points of a family that shaped BRW MIAMI.

12 de April de 2021

A Look at What the National Flood Insurance Program Does

The NFIP in Florid real estate industry, helps keep insurance affordable. Whatsapp us if you need help with your properties.

The National Flood Insurance Program (NFIP) provides property owners, businesses, and renters access to affordable flood insurance, according to FEMA. Overall, the program aims to reduce the impact of flooding on individuals and communities.

NFIP-Miami

National Flood Insurance Policy Logo

The NFIP program is about …

  • Caps National Flood Insurance Policy’s rates at $10,000 per year for property owners.
  • Directs FEMA to develop more granular rate tables, to ensure fewer properties are overcharged by NFIP.
  • Sets aside $1 billion for flood mitigation assistance grants.
  • Increases access to private market flood insurance.

How it affects the Florida market

  • Florida has more National Florida Insurance policies than any other state.
  • Nearly every Realtor either sells property or lives in a flood zone in Florida.
  • Without flood insurance, home sales don’t close, and our communities are unprotected and at risk.
  • Without the National Flood Insurance Program, 40,000 residential transactions a month will not happen.

If the NFIP ever expires, Florida’s real estate industry will be severely impacted.

Contact us and we help you with all your properties or future investments.

Related Posts

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

0
0
0