I have been waiting to hear about these refunds. The key point:
There are several groups of flood insurance policyholders that should see refunds as a result of changes voted by Congress to the 2012 Biggert-Waters Act.
- Those who purchased or reinstated coverage after 2012 and lost subsidies under Biggert-Waters.
- Those policies that increased by more than 18 percent at renewal on or after Oct. 1, 2013.
- Those non-residential building owners in flood zones who saw hikes of 25 percent on or after Oct 1, 2013.
There will be one-time refunds for all those who received hikes over 18 percent.
The overwhelming majority of policyholders did not receive increases over 18 percent, and won’t be getting refunds, according to FEMA.
I do not know how many Dennis residents this impacts, but every ;ittle bit helps.