Will every home in Florida be affected? No, all newer (post-FIRM…….”FIRM” is Flood Insurance Rate Map) homes and primary pre-FIRM homes with coverage already in effect will not be affected by the changes. They will, however, be subject to any rate increase FEMA (“FEMA” is Federal Emergency Management Agency) decides to make across the board. The groups that are most affected are Pre-FIRM homes where 1st floor elevation is below Base Flood Elevation and the policy is for: New buyers of flood … [Read more...]