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Readers' comments on business news

Flood insurance rhetoric ignores reality Dec. 15

Middle class to bear brunt

Thank you for your article exposing the gross misconceptions regarding the Biggert-Waters Flood Insurance Act. I also appreciate Pinellas County Property Appraiser Pam Dubov's efforts to get this message out to the public.

Politicians and advocacy groups that think rich owners of beachfront estates will be impacted by the spike in flood insurance rates are either delusional, ignorant or both. The reality is homeowners such as myself will bear the brunt.

I am a public school teacher living in a modest, more than 40-year-old Shore Acres home, roughly 1,800 square feet, and not waterfront. My neighbors and I are the face of this legal travesty. Most of us can barely afford the current flood insurance rates. A 20 percent annual rate increase every year for several years is not economically feasible for us by any stretch of the imagination. The subsidized benefits have allowed us to live here.

What will become of these neighborhoods when we're all forced to leave due to skyrocketing flood insurance rates? And just as important, what will become of us?

Jana H. Bailey, St. Petersburg

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Readers' comments on business news 12/19/13 [Last modified: Friday, December 20, 2013 12:39pm]

    

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