SCHUMER REVEALS: SURPRISE $250 SURCHARGE BEING SPRUNG ON TENS-OF-THOUSANDS OF LI & NY HOMEOWNERS WITH FEMA FLOOD INSURANCE; NEW & UNFAIR POLICY ON RENEWALS SPURS SENATOR TO WARN RESIDENTS ON HOW TO AVOID UNDERCOVER POLICY CHANGE; URGES FEMA TO SCRAP THE CONFUSING AND PUNITIVE POLICY
By RealEstateRama -

On April 1st —And For The First Time Ever—FEMA Installed Surprise Renewal Policy On Flood Insurance Ratepayers, Giving Them Just 30 Days To Fill Out New ‘Proof Of Residency’ Form With Yearly Insurance Renewal Or Face Steep $250 Surcharge


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