The Tampa Bay Beaches Chamber of Commerce and St. Petersburg College recently hosted a seminar about upcoming changes to flood insurance policies and rates in Florida. LocalShops1 member David Knowlton of ImpulseClics.com attended the seminar and came back with this report:
"Please contact your local politicians and let's see if we can get some help with this issue. There are many unintended circumstances that may occur and we need to make our politicians aware.
"The one point that was repeated many many times was DO NOT let your policy lapse or your policy will go to the highest price automatically. ...
"During the evening all of our neighborhoods were singled out as being some of the hardest hit areas of Pinellas County. Surprisingly more homes are inland than waterfront that are affected the most. ...
"If you have an EC (elevation certificate), the property appraiser needs a copy to be sure your home is appraised properly. The EC was mentioned by every speaker. If you do not have one, you should (expect to pay $100 or more for one). They also said they have run across a home that has been paying about $1,000 more for 20 years due to the fact they did not have a EC and have been paying flood insurance off what they thought was their elevation. Send them to email@example.com."
Following is a video of the entire presentation. It's 1.5 hours, but very informative, so well worth your time:
LocalShops1 is a coalition of hundreds of independently owned businesses and tens of thousands of energetic shoppers with the mission of advocating, promoting and offering support services to companies throughout Tampa Bay. Founded in August 2008, LocalShops1 is the region's most active voice for small businesses.