Southeast Cape to Northwest Cape<\/a>.<\/p>\n“After moving here a couple years ago, flood insurance every year just increased, increased \u2014 and when we got the new policy renewal, it was like a 40% increase,” said Jorden.<\/p>\n
The report also indicated that premium costs are still rising. Many have not yet reached full risk-based pricing, and researchers expect more drop-offs in coverage.<\/p>\n
Insurance agent Elizabeth Rehak-Cook shared her perspective on who is being impacted the most.<\/p>\n
“I think definitely fixed income. Are feeling it the hardest,” said Rehak-Cook. “It’s also people, like I said, new home buyers that are already putting out so much money that extra, whatever amount it is, is just, it’s, it’s hitting them hard.”<\/p>\n
As flood insurance premiums continue to rise, many in lower-income areas are left grappling with tough decisions about maintaining their coverage.<\/p>\n
The city of Cape Coral’s website offers tools to help residents<\/a> better understand their flood insurance.<\/p>\n","protected":false},"excerpt":{"rendered":"A recent report revealed that people in lower-income areas are most likely to drop their flood insurance coverage.…\n","protected":false},"author":2,"featured_media":85920,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[209,211,210,6641,46963,46961,46956,9503,46962,46958,46959,46960,46955,46957],"class_list":["post-85919","post","type-post","status-publish","format-standard","has-post-thumbnail","category-cape-coral","tag-cape-coral","tag-cape-coral-headlines","tag-cape-coral-news","tag-flood-insurance","tag-flood-insurance-costs","tag-flood-insurance-coverage","tag-flood-insurance-premiums","tag-insurance","tag-insurance-agent","tag-insurance-in-the-united-states","tag-northwest-cape","tag-southeast-cape","tag-types-of-insurance","tag-universal-health-care"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/85919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=85919"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/85919\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/85920"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=85919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=85919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=85919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}