November 3, 2016
Expanded flood mapping and decreased government subsidies will hike flood insurance rates in the Verde Valley. From left, Betsy LeTarte, vice president, branch manager and escrow officer, Lawyer’s Title; Michelle Murie, sales executive, Lawyer’s Title and Esther Talbert, broker, Yavapai Realty face a packed house at the Cottonwood Recreation Center during a FEMA presentation Nov. 1. (Photo by Tom Tracey)
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As Feds drop subsidies, high-risk homeowners see 15 to 25 percent price hikes in years to come
Updated floodplain mapping and decreased government subsidies are going to make flood insurance more expensive in the Verde Valley, as well as more likely to be required.