Now that the House of Representative has passed the Homeowner Flood Insurance Affordability Act of 2013, you may be thinking that we can begin to breathe easier. But not so fast! First it must pass the Senate, become law and be approved by the president.
And then we need to understand that, while we are in a better position today than we were yesterday, there will still be significant portions of the Biggert-Waters Act that will impact us — and our pocketbooks. Here’s the good news.