Representative Kilmer speaks out on local flood insurance rates
Representative Derek Kilmer spoke in Washington DC on preventing flood insurance rate hikes and the impacts these new rates could have locally.
Kilmer said that these rates are especially drastic in our communities.
The flood insurance program was created to help protect property owners from risk due to flooding.
Over 200 people attended a public meeting last week to learn more about local flood rates following new maps for flood zones.
Ted Perkins a regional engineer for FEMA gave a presentation on all of the changes to local flood maps and said that under the new guidelines, any home that has at least a 1% chance of being impacted by a flood is in a flood zone.
After multiple questions from upset citizens, especially those who are receiving flood insurance rates that are as high as their monthly house payments, Debrah Farmer, FEMA Region 10 Insurance Program Specialist, said that FEMA is not making these rates. They are acting on what congress put in action.
Kilmer is a co-sponsor of the House bill to amend or delay current changes to the FEMA laws.
Kilmer said that the Senate has already moved on approving the Homeowner Flood Insurance Affordability Act, and the House should do the same.