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FEMA flood map updates could raise insurance bills for some homeowners

Reported · Written up by our desk · Residential

FEMA redrew flood maps across the United States this summer, and the changes could push some homeowners into newly designated flood zones, MarketWatch reports.

That shift can translate into higher insurance costs for affected properties, because flood coverage requirements and premiums may change after the updated designations.

MarketWatch highlights that thousands of homeowners could face increased insurance bills depending on whether their homes are now considered to be in mapped flood areas following the update.

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