03/02/2009
https://www.congress.gov...
"Am I correct in believing that if a family has to pay $1,000 more a year in flood insurance, one of the costs, if you will, that is essentially equivalent to dropping the value of the home $20,000 sin..."
"Is it upon a 1-year renewal, they get a 1-year policy, then upon renewal of that policy, their rates will go to the unsubsidized?"
"Thank you."
"I am very concerned that the unaffordability of flood insurance will cause people to drop their flood insurance."