Comment on My monthly mortgage went up $1,000 after my Florida home was put in a flood zone. I'd leave the state but my wife's business is

My monthly mortgage went up $1,000 after my Florida home was put in a flood zone. I'd leave the state but my wife's business is

Florida resident Danny Collins said rising insurance premiums are impacting him and his neighbors.Courtesy of Danny Collins Florida resident Danny Collins found out that his mortgage went up $1,000 a month. FEMA placed his home in a flood zone, and his bank bought him flood insurance without telling him. Collins now has to pay $8,000 more a year than he originally budgeted for. This as-told-to essay is based on a conversation with Florida resident and former baseball player Danny Collins, whose mortgage on a $400,000, four-bedroom home jumped $1,000 per month with no warning after FEMA redrew its flood zone maps, placing his home in a flood zone.

 

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