Recently, the Federal Emergency Management Agency (FEMA) announced that they will begin issuing refunds October 1 to those that paid increased flood insurance rates based on the Biggert-Waters Flood Insurance Reform Act of 2012. FEMA estimates that rebates are due to 13.8% of policy holders nationwide. The rebates largely apply to those who purchased homes after Biggert-Waters took effect in 2012 or whose coverage lapsed after the law took effect. The Write Your Own companies that sell and help administer the program will be issuing the rebates.
Please see FEMA’s website for more information.