Flood Insurance thru FEMA  will be going up, but it is not going to be as much as was thought! There are caps that can be used every year and that cap was 10% max  and has only increased of late. The new cap was thought to be 28%, but will be maxed at 20% w/ the house bill. This bill will now need to be approved by the Full Senate and of course signed by the President.The 18 Billion dollar shortfall is what they are trying to resolve and look for a long term solution to the issue as well.These Increases here in S. Florida will be over $100 next year which is anther $10/month on your Escrow accounts. This will be on top of all of the Home Insurance rate Hikes we have seen already that have been 30-40% this year and should continue to increase at about  20% again next year on average. Fort Lauderdale Home Insurance will become very costly and has rates approaching where they were after Hurricane Wilma in 2006.  Please read the full article on Flood Insurance reform  getting closer and expect it all to happen soon. Please call L & S Insurance for all of your Home, Auto, Flood, Business and Commercial and Life Insurance as well in all of Florida and Fort laudedale as well.